Q4 2022 EPS Estimates for Hexcel Co. Reduced by Jefferies Financial Group (NYSE:HXL)

Hexcel Co. (NYSE:HXL – Get Rating) – Equities research analysts at Jefferies Financial Group decreased their Q4 2022 earnings estimates for Hexcel in a research note issued on Sunday, May 1st. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the aerospace company will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.42.

Hexcel (NYSE:HXL – Get Rating) last released its earnings results on Monday, April 25th. The aerospace company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $390.60 million during the quarter, compared to the consensus estimate of $372.46 million. Hexcel had a return on equity of 3.36% and a net margin of 3.41%. Hexcel’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS.

Several other equities analysts also recently weighed in on HXL. Morgan Stanley lifted their target price on Hexcel from $55.00 to $57.00 and gave the company an “underweight” rating in a research report on Friday, January 28th. StockNews.com began coverage on Hexcel in a research report on Thursday, March 31st. They set a “hold” rating for the company. Bank of America raised Hexcel from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $65.00 in a research report on Wednesday. Wolfe Research began coverage on Hexcel in a research report on Thursday, February 17th. They set an “underperform” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research downgraded Hexcel from a “hold” rating to a “sell” rating and set a $57.00 price objective for the company. in a research report on Tuesday, January 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.70.

NYSE HXL opened at $55.63 on Wednesday. The firm has a market cap of $4.68 billion, a P/E ratio of 97.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 2.77. The firm has a 50-day moving average price of $56.36. Hexcel has a 1-year low of $46.77 and a 1-year high of $64.99.

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake in Hexcel by 13.4% in the third quarter. LPL Financial LLC now owns 171,498 shares of the aerospace company’s stock valued at $10,185,000 after buying an additional 20,217 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Hexcel by 25.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,679,053 shares of the aerospace company’s stock valued at $86,975,000 after buying an additional 337,683 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hexcel by 30.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,637 shares of the aerospace company’s stock valued at $551,000 after buying an additional 2,456 shares during the last quarter. UBS Group AG lifted its stake in Hexcel by 1,253.9% in the third quarter. UBS Group AG now owns 84,523 shares of the aerospace company’s stock valued at $5,019,000 after buying an additional 78,280 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Hexcel in the third quarter valued at approximately $796,000. Institutional investors own 97.57% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, May 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 5th. Hexcel’s dividend payout ratio (DPR) is 70.18%.

Hexcel Company Profile (Get Rating)

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains.

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