Haynes International (HAYN) Given Daily Coverage Optimism Rating of 0.24

Media stories about Haynes International (NASDAQ:HAYN) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Haynes International earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.9691740315827 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several research analysts have issued reports on HAYN shares. BidaskClub raised shares of Haynes International from a “hold” rating to a “buy” rating in a report on Sunday, February 11th. Zacks Investment Research cut shares of Haynes International from a “buy” rating to a “hold” rating in a report on Monday, February 5th. JPMorgan Chase & Co. raised shares of Haynes International from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th. Finally, ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Haynes International currently has a consensus rating of “Hold” and an average price target of $38.00.

Shares of Haynes International (NASDAQ HAYN) traded up $0.47 during mid-day trading on Friday, hitting $42.07. 68,210 shares of the stock were exchanged, compared to its average volume of 104,518. Haynes International has a 52-week low of $28.97 and a 52-week high of $43.94. The company has a market capitalization of $520.84, a price-to-earnings ratio of -16.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.02 and a quick ratio of 1.67.

Haynes International (NASDAQ:HAYN) last announced its earnings results on Thursday, February 1st. The basic materials company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.10. The company had revenue of $89.70 million during the quarter, compared to analyst estimates of $94.95 million. Haynes International had a negative net margin of 8.18% and a negative return on equity of 3.76%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. sell-side analysts forecast that Haynes International will post 0.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.88 annualized dividend and a yield of 2.09%. Haynes International’s dividend payout ratio (DPR) is -33.98%.

In other Haynes International news, Director Dawne S. Hickton bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average cost of $31.50 per share, for a total transaction of $63,000.00. Following the completion of the transaction, the director now owns 5,300 shares of the company’s stock, valued at approximately $166,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.41% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Haynes International (NASDAQ:HAYN)

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