Equities Analysts Set Expectations for Haynes International, Inc.’s Q3 2024 Earnings (NASDAQ:HAYN)

Haynes International, Inc. (NASDAQ:HAYN) – Noble Financial reduced their Q3 2024 earnings per share (EPS) estimates for shares of Haynes International in a research note issued on Monday, July 1st. Noble Financial analyst M. Reichman now anticipates that the basic materials company will post earnings of $0.80 per share for the quarter, down from their previous estimate of $0.82. The consensus estimate for Haynes International’s current full-year earnings is $3.02 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.

A number of other equities analysts also recently weighed in on the company. Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a research report on Thursday, March 14th. StockNews.com began coverage on Haynes International in a report on Sunday. They issued a “hold” rating for the company.

Haynes International Price Performance

Shares of HAYN opened at $58.86 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. The stock has a 50 day simple moving average of $58.97 and a 200 day simple moving average of $58.38. Haynes International has a 52-week low of $41.15 and a 52-week high of $60.86. The firm has a market capitalization of $752.23 million, a PE ratio of 19.89, a P/E/G ratio of 0.91 and a beta of 1.40.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.20). Haynes International had a net margin of 6.31% and a return on equity of 8.79%. The business had revenue of $152.46 million during the quarter, compared to analyst estimates of $160.52 million.

Haynes International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, May 31st. Haynes International’s dividend payout ratio (DPR) is presently 29.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HAYN. SG Americas Securities LLC bought a new stake in shares of Haynes International during the first quarter worth about $114,000. BNP Paribas Financial Markets grew its holdings in shares of Haynes International by 67.1% during the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 2,504 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Haynes International by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after purchasing an additional 600 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Haynes International by 352.9% during the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 21,225 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Haynes International during the first quarter worth about $7,070,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.