The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Haynes International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased significantly.
Margins expanded across the board.
Haynes International reported revenue of $150.3 million. The four analysts polled by S&P Capital IQ expected revenue of $149.0 million on the same basis. GAAP reported sales were 2.6% lower than the prior-year quarter's $154.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.04. The four earnings estimates compiled by S&P Capital IQ predicted $1.10 per share. GAAP EPS of $1.04 for Q4 were 16% higher than the prior-year quarter's $0.90 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.2%, 80 basis points better than the prior-year quarter. Operating margin was 13.2%, 160 basis points better than the prior-year quarter. Net margin was 8.6%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $142.4 million. On the bottom line, the average EPS estimate is $0.97.
Next year's average estimate for revenue is $615.3 million. The average EPS estimate is $5.09.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 210 members out of 223 rating the stock outperform, and 13 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Haynes International a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Haynes International is outperform, with an average price target of $72.80.
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