Somewhat Favorable News Coverage Somewhat Unlikely to Impact Haynes International (HAYN) Share Price

News articles about Haynes International (NASDAQ:HAYN) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Haynes International earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 47.2715716719419 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

Haynes International opened at $42.01 on Wednesday, MarketBeat Ratings reports. The company has a current ratio of 6.44, a quick ratio of 1.72 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $518.20 million, a price-to-earnings ratio of -53.86 and a beta of 1.37. Haynes International has a 1-year low of $28.97 and a 1-year high of $45.14.

Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, May 3rd. The basic materials company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.21). The firm had revenue of $110.21 million during the quarter, compared to analyst estimates of $106.71 million. Haynes International had a negative net margin of 8.08% and a negative return on equity of 4.00%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. equities analysts expect that Haynes International will post 0.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.88 annualized dividend and a yield of 2.09%. Haynes International’s payout ratio is -112.82%.

A number of equities analysts recently weighed in on HAYN shares. Zacks Investment Research lowered shares of Haynes International from a “buy” rating to a “hold” rating in a research report on Monday, March 5th. BidaskClub upgraded shares of Haynes International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 15th. JPMorgan Chase upgraded shares of Haynes International from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Finally, ValuEngine upgraded shares of Haynes International from a “hold” rating to a “buy” rating in a research report on Thursday, April 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.00.

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.

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

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