Haynes International (NASDAQ:HAYN) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News articles about Haynes International (NASDAQ:HAYN) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Haynes International earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.3900631378179 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

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Several analysts recently weighed in on HAYN shares. BidaskClub downgraded shares of Haynes International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 22nd. Zacks Investment Research downgraded shares of Haynes International from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Tuesday, March 13th. Finally, ValuEngine downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Haynes International stock traded up $0.43 during trading on Thursday, hitting $38.11. The company had a trading volume of 48,475 shares, compared to its average volume of 106,477. Haynes International has a 1-year low of $28.97 and a 1-year high of $45.14. The company has a current ratio of 6.02, a quick ratio of 1.67 and a debt-to-equity ratio of 0.03.

Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, February 1st. The basic materials company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.10. Haynes International had a negative net margin of 8.18% and a negative return on equity of 3.76%. The firm had revenue of $89.70 million during the quarter, compared to the consensus estimate of $94.95 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. equities research analysts anticipate that Haynes International will post 0.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a $0.22 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.88 annualized dividend and a yield of 2.31%. Haynes International’s dividend payout ratio is presently -112.82%.

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About Haynes International

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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