FY2024 Earnings Estimate for Hexcel Issued By Zacks Research

Hexcel Co. (NYSE:HXL) – Research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Hexcel in a note issued to investors on Monday, November 11th. Zacks Research analyst R. Department now anticipates that the aerospace company will earn $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 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Hexcel’s quarterly revenue was up 8.9% on a year-over-year basis.

A number of other research firms have also recently weighed in on HXL. Wells Fargo & Company increased their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. UBS Group upped their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Truist Financial lowered their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Morgan Stanley cut their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus price target of $71.54.

Hexcel Price Performance

HXL stock opened at $61.27 on Tuesday. Hexcel has a 52-week low of $57.50 and a 52-week 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 stock has a market cap of $4.96 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The business has a fifty day moving average of $61.12 and a two-hundred day moving average of $64.02.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is presently 45.80%.

Institutional Trading of Hexcel

A number of large investors have recently made changes to their positions in HXL. Capital Performance Advisors LLP acquired a new position in Hexcel during the 3rd quarter worth approximately $56,000. First Horizon Advisors Inc. grew its stake in shares of Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. Huntington National Bank increased its holdings in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the last quarter. Eastern Bank purchased a new position in Hexcel in the third quarter valued at $62,000. Finally, GAMMA Investing LLC raised its stake in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after buying an additional 276 shares in the last quarter. 95.47% of the stock is currently 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.