Haynes International (NASDAQ:HAYN – Get Free Report) updated its third quarter 2024 earnings guidance on Thursday. 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.
Analysts Set New Price Targets
Several research analysts have recently commented on HAYN shares. Northcoast Research reissued a neutral rating on shares of Haynes International in a report on Thursday, March 14th. StockNews.com began coverage on Haynes International in a research report on Sunday. They issued a hold rating for the company. Finally, Noble Financial lowered shares of Haynes International from an outperform rating to a market perform rating in a research report on Tuesday, February 6th.
Get Our Latest Research Report on HAYN
Haynes International Stock Up 0.1 %
Haynes International (NASDAQ:HAYN – Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). Haynes International had a net margin of 6.94% and a return on equity of 9.89%. The business had revenue of $147.36 million for the quarter, compared to analysts’ expectations of $151.94 million. During the same period last year, the business earned $0.61 earnings per share. On average, equities research analysts predict that Haynes International will post 3.83 EPS for the current year.
Haynes International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. Haynes International’s payout ratio is presently 26.99%.
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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