Analysts Expect Hexcel Co. (NYSE:HXL) Will Announce Earnings of $0.17 Per Share

Analysts expect that Hexcel Co. (NYSE:HXLGet Rating) will report earnings per share of $0.17 for the current quarter, according to Zacks. Three analysts have made estimates for Hexcel’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.12. Hexcel posted earnings per share of ($0.10) in the same quarter last year, which would indicate a positive year-over-year growth rate of 270%. The business is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Hexcel will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.12 to $1.20. For the next financial year, analysts expect that the firm will post earnings of $1.98 per share, with EPS estimates ranging from $1.90 to $2.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Hexcel.

Hexcel (NYSE:HXLGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $360.03 million for the quarter, compared to analyst estimates of $359.20 million. Hexcel had a return on equity of 1.55% and a net margin of 1.22%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) earnings per share.

A number of equities analysts have issued reports on HXL shares. UBS Group upgraded Hexcel from a “sell” rating to a “neutral” rating and set a $52.00 target price for the company in a report on Friday, January 28th. Morgan Stanley increased their price objective on shares of Hexcel from $55.00 to $57.00 and gave the stock an “underweight” rating in a research note on Friday, January 28th. StockNews.com started coverage on shares of Hexcel in a research note on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial upgraded shares of Hexcel from a “hold” rating to a “buy” rating and raised their target price for the company from $54.00 to $68.00 in a research note on Friday, January 7th. Finally, Wolfe Research started coverage on shares of Hexcel in a research note on Thursday, February 17th. They issued an “underperform” rating and a $50.00 target price for the company. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus target price of $56.30.

A number of hedge funds have recently added to or reduced their stakes in the stock. Scout Investments Inc. lifted its holdings in Hexcel by 240.4% in the first quarter. Scout Investments Inc. now owns 198,329 shares of the aerospace company’s stock valued at $11,795,000 after buying an additional 140,060 shares during the period. Centre Asset Management LLC lifted its holdings in Hexcel by 42.4% in the first quarter. Centre Asset Management LLC now owns 73,980 shares of the aerospace company’s stock valued at $4,400,000 after buying an additional 22,027 shares during the period. Bouvel Investment Partners LLC increased its stake in Hexcel by 1.6% in the first quarter. Bouvel Investment Partners LLC now owns 47,638 shares of the aerospace company’s stock valued at $2,833,000 after purchasing an additional 762 shares in the last quarter. BOKF NA increased its stake in Hexcel by 34.6% in the fourth quarter. BOKF NA now owns 25,947 shares of the aerospace company’s stock valued at $1,344,000 after purchasing an additional 6,667 shares in the last quarter. Finally, Norges Bank bought a new stake in Hexcel in the fourth quarter valued at $34,624,000.

NYSE:HXL traded up $0.08 during trading hours on Monday, hitting $56.22. 524,533 shares of the stock were exchanged, compared to its average volume of 595,311. The company’s 50 day moving average is $56.06 and its two-hundred day moving average is $56.07. Hexcel has a twelve month low of $46.77 and a twelve month high of $64.99. The company has a quick ratio of 1.50, a current ratio of 2.49 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $4.72 billion, a P/E ratio of 295.91 and a beta of 1.27.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 11th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Hexcel’s dividend payout ratio (DPR) is presently 210.54%.

Hexcel Company Profile (Get Rating)

Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It includes carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, radio frequency / electromagnetic interference (RF/EMI) and microwave absorbing materials, engineered honeycomb and composite structures.

Further Reading

Get a free copy of the Zacks research report on Hexcel (HXL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hexcel (NYSE:HXL)

Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.