$104.62 Million in Sales Expected for Haynes International, Inc. (HAYN) This Quarter
Analysts forecast that Haynes International, Inc. (NASDAQ:HAYN) will report sales of $104.62 million for the current quarter, according to Zacks. Two analysts have provided estimates for Haynes International’s earnings, with estimates ranging from $100.30 million to $108.95 million. Haynes International posted sales of $89.69 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.6%. The business is scheduled to issue its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that Haynes International will report full-year sales of $482.13 million for the current fiscal year, with estimates ranging from $481.12 million to $483.15 million. For the next financial year, analysts expect that the business will report sales of $498.78 million, with estimates ranging from $494.22 million to $503.34 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Haynes International.
Haynes International (NASDAQ:HAYN) last announced its earnings results on Friday, November 16th. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $122.31 million for the quarter, compared to the consensus estimate of $118.31 million. Haynes International had a negative return on equity of 0.40% and a negative net margin of 5.00%.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Haynes International by 5.5% during the 3rd quarter. BlackRock Inc. now owns 1,827,333 shares of the basic materials company’s stock worth $64,869,000 after purchasing an additional 94,812 shares during the last quarter. Vanguard Group Inc. increased its holdings in Haynes International by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,276,687 shares of the basic materials company’s stock worth $45,323,000 after purchasing an additional 36,334 shares during the last quarter. Royce & Associates LP increased its holdings in Haynes International by 1.6% during the 3rd quarter. Royce & Associates LP now owns 1,234,916 shares of the basic materials company’s stock worth $43,840,000 after purchasing an additional 19,600 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Haynes International by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,052,529 shares of the basic materials company’s stock worth $37,365,000 after purchasing an additional 8,396 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Haynes International by 17.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 584,451 shares of the basic materials company’s stock worth $20,747,000 after purchasing an additional 88,015 shares during the last quarter.
Shares of NASDAQ:HAYN opened at $31.91 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 5.89. Haynes International has a one year low of $28.08 and a one year high of $45.14.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.76%. Haynes International’s payout ratio is currently -1,257.14%.
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, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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