Haynes International (NASDAQ:HAYN – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.660- for the period, compared to the consensus EPS estimate of 1.070. The company issued revenue guidance of $152.5 million-, compared to the consensus revenue estimate of $164.7 million.
Haynes International Stock Performance
NASDAQ HAYN traded up $0.04 during trading hours on Thursday, reaching $59.38. The company’s stock had a trading volume of 130,673 shares, compared to its average volume of 213,521. The business has a 50-day simple moving average of $59.99 and a 200 day simple moving average of $55.31. The stock has a market cap of $759.05 million, a PE ratio of 18.21, a PEG ratio of 0.74 and a beta of 1.42. The company has a current ratio of 7.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Haynes International has a 52 week low of $41.15 and a 52 week high of $60.86.
Haynes International (NASDAQ:HAYN – Get Free Report) last released its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). The business had revenue of $147.36 million for the quarter, compared to the consensus estimate of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same period last year, the firm posted $0.61 EPS. Equities research analysts predict that Haynes International will post 3.83 earnings per share for the current fiscal year.
Haynes International Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on HAYN shares. Noble Financial lowered shares of Haynes International from an outperform rating to a market perform rating in a research note on Tuesday, February 6th. Northcoast Research reiterated a neutral rating on shares of Haynes International in a research note on Thursday, March 14th. Finally, StockNews.com started coverage on shares of Haynes International in a research note on Sunday. They set a hold rating on the stock.
Get Our Latest Stock Analysis on HAYN
About Haynes International
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.
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