Research Analysts Set Expectations for HAYN FY2024 Earnings

Haynes International, Inc. (NASDAQ:HAYN - Free Report) - Equities researchers at Noble Financial reduced their FY2024 earnings estimates for shares of Haynes International in a research report issued on Friday, November 1st. Noble Financial analyst M. Reichman now expects that the basic materials company will post earnings per share of $2.46 for the year, down from their previous estimate of $2.52. The consensus estimate for Haynes International's current full-year earnings is $2.53 per share. Noble Financial also issued estimates for Haynes International's Q4 2024 earnings at $0.57 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $0.98 EPS and Q4 2025 earnings at $1.02 EPS.

Separately, StockNews.com initiated coverage on shares of Haynes International in a research note on Saturday, October 12th. They issued a "hold" rating for the company.

Haynes International Trading Down 0.4 %

Shares of NASDAQ:HAYN traded down $0.26 on Monday, hitting $60.45. The company had a trading volume of 111,550 shares, compared to its average volume of 152,673. The firm's 50-day simple moving average is $59.71 and its two-hundred day simple moving average is $59.43. Haynes International has a 1 year low of $45.68 and a 1 year high of $60.86. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $772.85 million, a price-to-earnings ratio of 20.81, a P/E/G ratio of 0.71 and a beta of 1.39.

Haynes International (NASDAQ:HAYN - Get Free Report) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.33). Haynes International had a return on equity of 8.45% and a net margin of 6.11%. The company had revenue of $153.92 million during the quarter, compared to analysts' expectations of $159.35 million.

Institutional Trading of Haynes International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Haynes International during the 1st quarter valued at about $114,000. BNP Paribas Financial Markets boosted 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 buying an additional 2,504 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new position in shares of Haynes International in the second quarter worth approximately $526,000. Nisa Investment Advisors LLC boosted its holdings in shares of Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company's stock worth $1,469,000 after buying an additional 24,995 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Haynes International by 16.9% in the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company's stock worth $1,915,000 after buying an additional 4,605 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the completion of the sale, the chief financial officer now directly owns 30,287 shares in the company, valued at approximately $1,806,922.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by company insiders.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.22 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Haynes International's payout ratio is 30.24%.

Haynes International Company Profile

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.