Haynes International (NASDAQ:HAYN) Posts Earnings Results, Misses Expectations By $0.10 EPS

Haynes International (NASDAQ:HAYNGet Free Report) posted its quarterly earnings data on Monday. The basic materials company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10), MarketWatch Earnings reports. The business had revenue of $147.36 million during the quarter, compared to analysts’ expectations of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 10.04%. During the same quarter last year, the firm earned $0.61 earnings per share.

Haynes International Stock Down 0.6 %

Shares of HAYN opened at $59.65 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 7.02. Haynes International has a one year low of $41.15 and a one year high of $60.85. The stock has a market capitalization of $762.33 million, a price-to-earnings ratio of 18.30, a PEG ratio of 0.68 and a beta of 1.43. The stock has a 50 day moving average price of $53.88 and a 200 day moving average price of $49.61.

Haynes International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, February 29th. Haynes International’s payout ratio is 26.99%.

Institutional Trading of Haynes International

Several large investors have recently made changes to their positions in HAYN. US Bancorp DE increased its position in shares of Haynes International by 188.8% during the first quarter. US Bancorp DE now owns 777 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 508 shares in the last quarter. Captrust Financial Advisors boosted its stake in Haynes International by 77.8% during the second quarter. Captrust Financial Advisors now owns 1,083 shares of the basic materials company’s stock worth $35,000 after buying an additional 474 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Haynes International by 11.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 4,026 shares of the basic materials company’s stock worth $141,000 after buying an additional 402 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Haynes International by 6.0% during the first quarter. MetLife Investment Management LLC now owns 5,871 shares of the basic materials company’s stock worth $250,000 after buying an additional 334 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Haynes International by 30.3% during the first quarter. Royal Bank of Canada now owns 6,892 shares of the basic materials company’s stock worth $294,000 after buying an additional 1,604 shares during the last quarter. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Noble Financial cut Haynes International from an “outperform” rating to a “market perform” rating in a research report on Tuesday.

Read Our Latest Analysis on HAYN

Haynes International Company Profile

(Get Free Report)

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.

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Earnings History for Haynes International (NASDAQ:HAYN)

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