For its second fiscal quarter (ending March 31), Haynes International Inc (NASDAQ: HAYN) has reported a -32% decline in E.P.S. from $0.98 a year ago to $0.67 in the current quarter. This performance was $-0.58 short of the consensus estimate of $1.25. E.P.S. were $3.00 for the latest four quarters through March 31 versus $4.15 for the same period a year ago — a decline of -28%.
Recent Price Action
On 5/9/24, Haynes International Inc (NASDAQ: HAYN) stock rose slightly by 0.07%, closing at $59.38. However, trading volume in this advance was unusually low at 58% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HAYN is expected to continue to be a Value Builder.
Haynes International has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Haynes International has a neutral Appreciation Score of 52 but a good Power Rating of 82, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment