Seaport Res Ptn Issues Negative Outlook for Hexcel Earnings

Hexcel Co. (NYSE:HXL) – Seaport Res Ptn decreased their FY2024 EPS estimates for Hexcel in a report issued on Tuesday, January 14th. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will post earnings per share of $2.03 for the year, down from their prior forecast 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) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.47 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 business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year.

HXL has been the subject of a number of other reports. Wells Fargo & Company raised their price target on shares of Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. BMO Capital Markets lowered their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial lowered 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. Finally, UBS Group raised their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.33.

Hexcel Stock Performance

Shares of HXL stock opened at $66.71 on Thursday. The company’s fifty day simple moving average is $62.78 and its 200-day simple moving average is $62.52. The company has a market cap of $5.40 billion, a PE ratio of 50.92, a P/E/G ratio of 1.77 and a beta of 1.30. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UMB Bank n.a. lifted its position in shares of Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after buying an additional 202 shares during the last quarter. Shelton Wealth Management LLC bought a new stake in Hexcel in the 4th quarter valued at about $1,233,000. Merit Financial Group LLC bought a new stake in Hexcel in the 4th quarter valued at about $242,000. Hennion & Walsh Asset Management Inc. lifted its position in Hexcel by 33.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,416 shares of the aerospace company’s stock valued at $653,000 after purchasing an additional 2,632 shares during the last quarter. Finally, Kopion Asset Management LLC lifted its position in Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after purchasing an additional 9,861 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. Hexcel’s payout ratio is currently 45.80%.

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.