Haynes International (NASDAQ:HAYN) Announces Earnings Results
Haynes International (NASDAQ:HAYN) posted its quarterly earnings data on Friday. The basic materials company reported ($0.46) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.70) by $0.24, MarketWatch Earnings reports. Haynes International had a net margin of 1.23% and a return on equity of 1.76%.
Shares of HAYN opened at $22.62 on Friday. The firm has a market capitalization of $284.04 million, a P/E ratio of 55.17 and a beta of 1.39. Haynes International has a 12-month low of $15.29 and a 12-month high of $39.04. The company has a current ratio of 5.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $18.10 and a 200-day moving average price of $20.59.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, November 30th. Haynes International’s dividend payout ratio is currently 112.82%.
Haynes International Company Profile
Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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