Haynes International, Inc. (HAYN) To Go Ex-Dividend on August 30th
Haynes International, Inc. (NASDAQ:HAYN) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.22 per share by the basic materials company on Friday, September 15th. This represents a $0.88 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, August 30th.
Haynes International (HAYN) opened at 30.73 on Tuesday. Haynes International has a 52 week low of $28.97 and a 52 week high of $48.37. The firm’s 50-day moving average is $31.90 and its 200-day moving average is $36.45. The company’s market cap is $381.05 million.
Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.02. The business had revenue of $97.98 million during the quarter, compared to analysts’ expectations of $97.54 million. Haynes International had a negative return on equity of 1.59% and a negative net margin of 0.84%. Haynes International’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts expect that Haynes International will post ($0.77) EPS for the current fiscal year.
Several equities analysts recently commented on the stock. Longbow Research raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, May 15th. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $26.00 price objective (down previously from $33.50) on shares of Haynes International in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Haynes International has an average rating of “Hold” and a consensus target price of $37.33.
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About Haynes International
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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