Media coverage about Haynes International (NASDAQ:HAYN) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. 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 news sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.5038112317014 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s scoring:
- Haynes International (HAYN) and Timken Steel Corporation (TMST) Financial Comparison (americanbankingnews.com)
- In the Papers – Uber, Thomas Cook, Ryanair, Soho House (proactiveinvestors.co.uk)
- Nickel Alloy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 (sbwire.com)
- Critical Comparison: Haynes International (HAYN) versus Timken Steel Corporation (TMST) (americanbankingnews.com)
A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. J P Morgan Chase & Co restated a “neutral” rating and issued a $26.00 price objective (down from $33.50) on shares of Haynes International in a research report on Saturday, July 22nd. Finally, Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Haynes International has an average rating of “Hold” and an average target price of $36.50.
Shares of Haynes International (NASDAQ HAYN) traded down 0.12% during midday trading on Monday, reaching $32.61. 62,952 shares of the company’s stock traded hands. The firm’s market capitalization is $404.36 million. The stock’s 50-day moving average price is $30.69 and its 200 day moving average price is $35.43. Haynes International has a one year low of $28.97 and a one year high of $48.37.
Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.02). The firm had revenue of $97.98 million during the quarter, compared to analysts’ expectations of $97.54 million. Haynes International had a negative return on equity of 1.59% and a negative net margin of 0.84%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities research analysts expect that Haynes International will post ($0.76) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, August 30th. Haynes International’s dividend payout ratio is -314.29%.
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Haynes International Company Profile
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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