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 brokerages recently commented on HAYN. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. BidaskClub downgraded Haynes International from a “sell” rating to a “strong sell” rating in a report on Saturday, September 8th. KeyCorp reiterated a “hold” rating on shares of Haynes International in a report on Friday, November 16th. Finally, ValuEngine downgraded Haynes International from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.00.

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.

Read More: Compound Interest

Get a free copy of the Zacks research report on Haynes International (HAYN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Haynes International (NASDAQ:HAYN)

Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.