Equities Analysts Issue Forecasts for Hexcel FY2024 Earnings

Hexcel Co. (NYSE:HXL) – Analysts at Zacks Research decreased their FY2024 EPS estimates for Hexcel in a research note issued to investors on Monday, November 11th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $2.02 per share for the year, down from their previous 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) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share.

A number of other research analysts have also issued reports on the stock. Morgan Stanley lowered their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on Hexcel from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Truist Financial decreased their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two equities research 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, the stock has an average rating of “Hold” and an average price target of $71.54.

Hexcel Trading Up 0.1 %

Shares of HXL stock opened at $61.32 on Tuesday. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a market cap of $4.97 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. 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 business’s 50 day moving average is $61.12 and its two-hundred day moving average is $64.00.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

Hedge Funds Weigh In On Hexcel

A number of hedge funds have recently modified their holdings of HXL. AQR Capital Management LLC grew its position in Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after acquiring an additional 1,246,765 shares during the period. Millennium Management LLC grew its holdings in shares of Hexcel by 307.1% in the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after purchasing an additional 814,402 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Hexcel by 215.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares during the last quarter. Ceredex Value Advisors LLC increased its position in shares of Hexcel by 280.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock worth $45,107,000 after purchasing an additional 532,550 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Hexcel by 36.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after buying an additional 425,402 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.