Hexcel (HXL) Projected to Post Quarterly Earnings on Wednesday

Hexcel (NYSE:HXL) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.52 per share and revenue of $485,980.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

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

Hexcel Trading Down 0.7 %

HXL opened at $66.32 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a one year low of $57.50 and a one year high of $77.09. The company has a market cap of $5.37 billion, a P/E ratio of 50.63, a PEG ratio of 1.77 and a beta of 1.30. The business’s 50-day simple moving average is $62.98 and its 200-day simple moving average is $62.55.

Analysts Set New Price Targets

A number of research firms have weighed in on HXL. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial cut their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $68.00 to $74.00 in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.33.

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.