Haynes International (HAYN) announced its earnings results on Thursday. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by $0.11. The company’s revenue for the quarter was up 21.1% on a year-over-year basis.
On the ratings front, analysts at Zacks Investment Research downgraded shares of Haynes International from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 24th. Analysts at JPMorgan Chase & Co. (NYSE: JPM) upgraded shares of Haynes International to an “overweight” rating in a research note to investors on Monday, November 21st.
Haynes International (HAYN) traded up 1.94% on Thursday, hitting $64.17. Haynes International (HAYN) has a 1-year low of $37.72 and a 1-year high of $67.71. The stock has a 50-day moving average of $57. and a 200-day moving average of $55.63. The company has a market cap of $775.0 million and a price-to-earnings ratio of 24.82.
Haynes International, Inc. (Haynes) is engaged in the production of nickel- and cobalt-based alloys in sheet, coil and plate forms. The Company is focused on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and land-based gas turbine industries. The Company’s products consist of high temperature resistant alloys (HTA) products, and corrosion resistant alloys (CRA) products. HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines for the aerospace market, gas turbine engines used for power generation and waste incineration, and industrial heating equipment. CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms.
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