 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Haynes International, Inc. (HAYN) 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 industrial heating equipment.
The company's CRA products are used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. Its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, sensors and instrumentation, biopharmaceuticals, solar, and nuclear fuel.
In addition, the company produces products as seamless and welded tubulars, as well as in slab, bar, billet, and wire forms. It sells its products primarily through direct sales organizations, and network of independent distributors and sales agents.
On July 28th, HAYN reported 3rd Quarter June 2022 earnings of $1.24 per share on revenue of $130.2 million. The consensus earnings estimate was $0.75 per share on revenue of $123.3 million. Revenue grew 47.7% on a year-over-year basis. The Company reports today after the close.
Shares are heading higher in an upward trading channel, we expect higher share prices.
Entry Point: $53.00
Trading Range: $29.00 to $57.33
Stop Loss: $50.00
Target Price: $58.30
