News articles about Haynes International (NASDAQ:HAYN) have trended somewhat positive on Wednesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Haynes International earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.1822199176141 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. BidaskClub upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, KeyCorp restated a “hold” rating on shares of Haynes International in a research report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.50.
Shares of Haynes International (NASDAQ HAYN) traded up $0.18 during trading hours on Wednesday, hitting $34.68. 77,023 shares of the company were exchanged, compared to its average volume of 91,329. The company has a current ratio of 6.49, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02. Haynes International has a 12-month low of $28.97 and a 12-month high of $44.20. The company has a market capitalization of $426.46, a price-to-earnings ratio of -41.78 and a beta of 1.48.
Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). Haynes International had a negative return on equity of 3.05% and a negative net margin of 2.58%. The company had revenue of $100.80 million for the quarter, compared to the consensus estimate of $100.19 million. During the same quarter in the prior year, the company posted $0.08 EPS. Haynes International’s revenue was down 6.2% compared to the same quarter last year. equities research analysts anticipate that Haynes International will post 0.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.22 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.88 annualized dividend and a yield of 2.54%. Haynes International’s dividend payout ratio (DPR) is currently -106.02%.
In other Haynes International news, Director Dawne S. Hickton acquired 2,000 shares of the stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $31.50 per share, for a total transaction of $63,000.00. Following the completion of the transaction, the director now directly owns 5,300 shares of the company’s stock, valued at $166,950. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.41% of the stock is owned by company 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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