Haynes International, Inc. to Post Q3 2024 Earnings of $0.80 Per Share, Noble Financial Forecasts (NASDAQ:HAYN)

Haynes International, Inc. (NASDAQ:HAYN) – Equities research analysts at Noble Financial decreased their Q3 2024 earnings per share (EPS) estimates for shares of Haynes International in a note issued to investors on Monday, July 1st. Noble Financial analyst M. Reichman now expects that the basic materials company will earn $0.80 per share for the quarter, down from their previous forecast of $0.82. The consensus estimate for Haynes International’s current full-year earnings is $3.07 per share. Noble Financial also issued estimates for Haynes International’s Q4 2024 earnings at $0.94 EPS, FY2024 earnings at $3.00 EPS and FY2025 earnings at $4.15 EPS.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results 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). The firm had revenue of $152.46 million during the quarter, compared to analyst estimates of $160.52 million. Haynes International had a net margin of 6.31% and a return on equity of 8.79%.

HAYN has been the subject of several other research reports. Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th. StockNews.com assumed coverage on Haynes International in a research note on Sunday. They issued a “hold” rating on the stock.

Haynes International Trading Up 0.4 %

Haynes International stock opened at $58.90 on Tuesday. The business has a 50 day moving average price of $59.00 and a two-hundred day moving average price of $58.38. The company has a quick ratio of 1.75, a current ratio of 7.63 and a debt-to-equity ratio of 0.25. The stock has a market cap of $752.74 million, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.40. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HAYN. New York State Teachers Retirement System raised its stake in Haynes International by 2.4% during the 4th quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after buying an additional 600 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Haynes International by 352.9% in the 4th quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock valued at $1,554,000 after purchasing an additional 21,225 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Haynes International by 67.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 2,504 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Haynes International in the 1st quarter valued at about $114,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Haynes International in the 1st quarter valued at about $8,325,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Haynes International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, May 31st. Haynes International’s dividend payout ratio (DPR) is currently 29.73%.

About Haynes International

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.