Hexcel (HXL) to Release Quarterly Earnings on Monday

Hexcel (NYSE:HXL) will be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Hexcel to post earnings of $0.47 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The firm had revenue of $500.40 million for the quarter, compared to analysts’ expectations of $484.26 million. During the same period in the prior year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect Hexcel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hexcel Trading Up 0.8 %

Shares of HXL opened at $62.72 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 1.38 and a beta of 1.29. The company has a 50-day moving average of $61.54 and a 200 day moving average of $64.49. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of research reports. Truist Financial lowered their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday. UBS Group lowered their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Stifel Nicolaus lowered their price objective on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, BMO Capital Markets cut their target price on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.08.

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.