|Bid||17.77 x 800|
|Ask||51.00 x 1000|
|Day's Range||43.97 - 45.11|
|52 Week Range||29.00 - 49.76|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 27, 2022 - May 02, 2022|
|Forward Dividend & Yield||0.88 (2.28%)|
|Ex-Dividend Date||Aug 31, 2022|
|1y Target Est||50.67|
Shares of Haynes International (NASDAQ: HAYN), a maker of high-performance alloys, rose dramatically at the open of trading on Friday, gaining just shy of 19% in the first hour or so of the day. The big news was the company's fiscal third-quarter 2022 earnings update, which hit the market after the close on July 28. On the top line, Haynes' sales increased 11.2% sequentially versus the fiscal second quarter and a huge 47.7% compared to the fiscal third quarter of 2021.
Haynes International (HAYN) delivered earnings and revenue surprises of 65.33% and 6.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Record backlog of $338.2 million as of June 30, 2022, up 20.5% from previous quarter and up 124.1% year-over-year. Order entry of $181.5 million for the quarter, with aerospace order entry of $100.1 million and 3.2 million pounds, one of the best in the Company’s history in both dollars and pounds. Net revenue of $130.2 million, up 11.2% versus previous quarter and 47.7% over same period last year. Revenue strength driven by Aerospace net revenues of $61.0 million, up 15.2% versus previous quart