Hexcel Co. (NYSE:HXL - Free Report) - Analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for shares of Hexcel in a research note issued on Tuesday, January 14th. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will post earnings of $2.03 per share for the year, down from their prior estimate of $2.05. The consensus estimate for Hexcel's current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Hexcel's Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.63 EPS and Q4 2025 earnings at $0.70 EPS.
Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million during the quarter, compared to analysts' expectations of $457.07 million. During the same period in the prior year, the company earned $0.38 EPS. The firm's quarterly revenue was up 8.9% compared to the same quarter last year.
Other research analysts have also issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Truist Financial reduced their price objective on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. Royal Bank of Canada raised Hexcel from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $68.00 to $74.00 in a research report on Thursday, December 19th. UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.33.
Check Out Our Latest Analysis on HXL
Hexcel Price Performance
Shares of HXL traded down $0.67 during trading hours on Thursday, reaching $66.71. The stock had a trading volume of 1,115,315 shares, compared to its average volume of 902,850. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The stock has a market capitalization of $5.40 billion, a PE ratio of 50.92, a PEG ratio of 1.77 and a beta of 1.30. The company's 50-day moving average is $62.78 and its two-hundred day moving average is $62.52.
Hexcel Announces Dividend
The firm 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. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.90%. Hexcel's payout ratio is 45.80%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Speece Thorson Capital Group Inc. raised its holdings in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock worth $15,140,000 after acquiring an additional 32,960 shares during the last quarter. Barclays PLC raised its stake in shares of Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock worth $4,330,000 after purchasing an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock valued at $35,957,000 after purchasing an additional 63,730 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company's stock valued at $54,034,000 after buying an additional 590,975 shares during the last quarter. Finally, FMR LLC grew its holdings in Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after buying an additional 8,135 shares in the last quarter. 95.47% of the stock is owned by institutional investors.
Hexcel Company Profile
(
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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.
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