FY2024 Earnings Estimate for Hexcel Issued By Zacks Research

Hexcel Co. (NYSE:HXL - Free Report) - Investment analysts at Zacks Research decreased their FY2024 EPS estimates for Hexcel in a report issued on Monday, November 11th. Zacks Research analyst R. Department now expects that the aerospace company will earn $2.02 per share for the year, down from their prior forecast of $2.03. The consensus estimate for Hexcel's current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Hexcel's Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.72 EPS, FY2025 earnings at $2.39 EPS, Q2 2026 earnings at $0.79 EPS, Q3 2026 earnings at $0.76 EPS and FY2026 earnings at $3.02 EPS.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS.

Several other analysts also recently commented on the stock. Royal Bank of Canada downgraded shares of Hexcel from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Vertical Research downgraded Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a research report on Thursday, October 10th. BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, October 28th. UBS Group raised their price objective on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hexcel currently has a consensus rating of "Hold" and a consensus target price of $71.54.

Hexcel Stock Down 1.1 %

Shares of NYSE HXL traded down $0.70 during mid-day trading on Tuesday, reaching $61.23. 136,650 shares of the company's stock traded hands, compared to its average volume of 869,487. The stock has a market cap of $4.96 billion, a P/E ratio of 45.03, a PEG ratio of 1.82 and a beta of 1.30. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The business has a 50-day simple moving average of $61.11 and a 200 day simple moving average of $64.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is currently 45.80%.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in Hexcel during the 3rd quarter valued at approximately $56,000. First Horizon Advisors Inc. grew its stake in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after buying an additional 326 shares in the last quarter. Huntington National Bank grew its position in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock worth $59,000 after acquiring an additional 225 shares in the last quarter. Eastern Bank bought a new stake in shares of Hexcel in the 3rd quarter valued at approximately $62,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Hexcel by 34.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock worth $67,000 after purchasing an additional 276 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.