Noble Financial Research Analysts Decrease Earnings Estimates for Haynes International, Inc. (NASDAQ:HAYN)

Haynes International, Inc. (NASDAQ:HAYNFree Report) – Investment analysts at Noble Financial dropped their Q3 2024 earnings per share estimates for shares of Haynes International in a research report issued to clients and investors on Monday, June 3rd. Noble Financial analyst M. Reichman now forecasts that the basic materials company will post earnings of $0.82 per share for the quarter, down from their prior forecast of $0.99. Noble Financial currently has a “Market Perform” rating on the stock. The consensus estimate for Haynes International’s current full-year earnings is $3.27 per share. Noble Financial also issued estimates for Haynes International’s Q4 2024 earnings at $1.02 EPS.

Haynes International (NASDAQ:HAYNGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.20). Haynes International had a net margin of 6.31% and a return on equity of 8.79%. The firm had revenue of $152.46 million during the quarter, compared to analysts’ expectations of $160.52 million.

A number of other equities research analysts have also recently issued reports on HAYN. StockNews.com assumed coverage on shares of Haynes International in a report on Wednesday, May 29th. They set a “hold” rating on the stock. Northcoast Research reissued a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th.

View Our Latest Research Report on Haynes International

Haynes International Price Performance

Haynes International stock opened at $58.69 on Tuesday. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86. The company has a current ratio of 7.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $59.78 and its 200 day simple moving average is $57.07. The company has a market cap of $750.06 million, a price-to-earnings ratio of 19.83, a PEG ratio of 0.86 and a beta of 1.40.

Institutional Investors Weigh In On Haynes International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd increased its holdings in shares of Haynes International by 484.2% in the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 1,317 shares during the period. SG Americas Securities LLC bought a new position in shares of Haynes International in the first quarter worth $114,000. BNP Paribas Financial Markets increased its holdings in shares of Haynes International by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 2,504 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Haynes International by 2.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after purchasing an additional 600 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Haynes International by 352.9% in the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 21,225 shares during the period. Institutional investors own 97.31% of the company’s stock.

Haynes International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.50%. Haynes International’s payout ratio is 29.73%.

Haynes International Company Profile

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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 and Estimates for Haynes International (NASDAQ:HAYN)

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