Noble Financial Weighs in on Haynes International, Inc.’s Q3 2024 Earnings (NASDAQ:HAYN)

Haynes International, Inc. (NASDAQ:HAYN) – Stock analysts at Noble Financial cut their Q3 2024 EPS estimates for Haynes International in a research note issued to investors on Monday, July 1st. Noble Financial analyst M. Reichman now forecasts that the basic materials company will earn $0.80 per share for the quarter, down from their previous forecast of $0.82. The consensus estimate for Haynes International’s current full-year earnings is $3.07 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.

HAYN has been the topic of several other research reports. Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a research report on Thursday, March 14th. StockNews.com began coverage on shares of Haynes International in a research note on Sunday. They issued a “hold” rating on the stock.

Haynes International Trading Down 0.1 %

Shares of HAYN opened at $58.65 on Tuesday. The company has a current ratio of 7.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.25. Haynes International has a 1-year low of $41.15 and a 1-year high of $60.86. The stock has a market capitalization of $749.55 million, a P/E ratio of 19.81, a P/E/G ratio of 0.91 and a beta of 1.40. The business’s 50-day moving average price is $59.03 and its 200 day moving average price is $58.34.

Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, May 9th. The basic materials company reported $0.66 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 issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, May 31st. Haynes International’s dividend payout ratio is currently 29.73%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System increased its position 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 acquiring an additional 600 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Haynes International during the 1st quarter valued at $114,000. BNP Paribas Financial Markets grew its stake in Haynes International by 67.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock valued at $375,000 after buying an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after purchasing an additional 4,605 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Haynes International during the first quarter worth $7,070,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.