Headlines about Haynes International (NASDAQ:HAYN) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Haynes International earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 44.9762146921098 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Haynes International (NASDAQ HAYN) opened at $35.39 on Friday. The stock has a market cap of $451.48, a PE ratio of -42.64 and a beta of 1.48. The company has a quick ratio of 2.02, a current ratio of 6.49 and a debt-to-equity ratio of 0.02. Haynes International has a 1-year low of $28.97 and a 1-year high of $43.95.
Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). The firm had revenue of $100.80 million during the quarter, compared to analysts’ expectations of $100.19 million. Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. Haynes International’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. equities research analysts predict that Haynes International will post 0.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.49%. Haynes International’s dividend payout ratio (DPR) is -106.02%.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp restated a “hold” rating on shares of Haynes International in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Haynes International has an average rating of “Hold” and an average price target of $36.50.
In other news, Director Dawne S. Hickton bought 2,000 shares of Haynes International stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $31.50 per share, for a total transaction of $63,000.00. Following the acquisition, the director now owns 5,300 shares in the company, valued at $166,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.41% of the stock is currently owned by corporate insiders.
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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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