Haynes International, Inc. (NASDAQ:HAYN) Expected to Announce Earnings of $0.40 Per Share
Equities analysts expect Haynes International, Inc. (NASDAQ:HAYN) to report $0.40 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Haynes International’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.23. Haynes International reported earnings of $0.05 per share in the same quarter last year, which indicates a positive year over year growth rate of 700%. The firm is expected to announce its next earnings report on Thursday, August 1st.
On average, analysts expect that Haynes International will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.50 to $1.46. For the next year, analysts expect that the company will report earnings of $2.28 per share, with EPS estimates ranging from $1.70 to $2.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Haynes International.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The firm had revenue of $127.47 million during the quarter, compared to analyst estimates of $119.64 million. Haynes International had a net margin of 0.58% and a return on equity of 1.12%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS.
A number of hedge funds have recently modified their holdings of HAYN. BlackRock Inc. increased its position in Haynes International by 3.0% during the fourth quarter. BlackRock Inc. now owns 1,881,736 shares of the basic materials company’s stock worth $49,681,000 after purchasing an additional 54,403 shares during the last quarter. Granite Investment Partners LLC increased its position in Haynes International by 87.7% during the first quarter. Granite Investment Partners LLC now owns 41,159 shares of the basic materials company’s stock worth $1,351,000 after purchasing an additional 19,234 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Haynes International by 62.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 42,732 shares of the basic materials company’s stock worth $1,128,000 after purchasing an additional 16,355 shares during the last quarter. Bank of America Corp DE increased its position in Haynes International by 77.6% during the fourth quarter. Bank of America Corp DE now owns 35,377 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 15,452 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Haynes International by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 138,845 shares of the basic materials company’s stock worth $3,665,000 after purchasing an additional 11,286 shares during the last quarter. 98.06% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:HAYN traded up $0.36 during trading on Monday, reaching $30.70. The stock had a trading volume of 38,998 shares, compared to its average volume of 52,425. The firm’s fifty day moving average is $31.08. The company has a current ratio of 5.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The firm has a market cap of $379.72 million, a PE ratio of -438.57 and a beta of 1.70. Haynes International has a fifty-two week low of $24.46 and a fifty-two week high of $43.20.
About Haynes International
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
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