Hexcel (HXL) Expected to Announce Quarterly Earnings on Wednesday

Hexcel (NYSE:HXL) is anticipated to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Hexcel to post earnings of $0.52 per share and revenue of $485,980.00 billion for the quarter. Hexcel has set its FY24 guidance at $2.02-$2.18 EPS and its FY 2024 guidance at 2.020-2.020 EPS.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, analysts expect Hexcel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hexcel Price Performance

NYSE HXL traded up $0.83 on Wednesday, reaching $67.39. 796,233 shares of the stock traded hands, compared to its average volume of 879,248. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $62.68 and its 200 day simple moving average is $62.49. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 51.44, a P/E/G ratio of 1.97 and a beta of 1.30.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.89%. Hexcel’s dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

HXL has been the subject of a number of research analyst reports. Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. BMO Capital Markets dropped their target price 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. Royal Bank of Canada upgraded shares of 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 report on Thursday, December 19th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, UBS Group increased their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hexcel has a consensus rating of “Hold” and an average price target of $71.33.

Hexcel Company Profile

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.