Hexcel (HXL) to Release Quarterly Earnings on Monday

Hexcel (NYSE:HXL) is scheduled to release its earnings data after the market closes on Monday, April 22nd. Analysts expect Hexcel to post earnings of $0.45 per share for the quarter. Hexcel has set its FY 2024 guidance at 2.100-2.300 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $474.01 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect Hexcel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hexcel Stock Down 1.7 %

Shares of NYSE HXL opened at $62.56 on Monday. Hexcel has a one year low of $58.81 and a one year high of $79.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. The firm’s 50 day simple moving average is $72.26 and its two-hundred day simple moving average is $69.71. The stock has a market capitalization of $5.20 billion, a P/E ratio of 50.45, a PEG ratio of 1.29 and a beta of 1.23.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were given a dividend of $0.15 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, February 8th. Hexcel’s dividend payout ratio (DPR) is presently 48.39%.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the transaction, the insider now owns 3,375 shares of the company’s stock, valued at $243,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the transaction, the insider now owns 3,375 shares of the company’s stock, valued at $243,337.50. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Hexcel

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Hexcel by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,268 shares of the aerospace company’s stock worth $492,000 after buying an additional 922 shares in the last quarter. US Bancorp DE lifted its position in shares of Hexcel by 17.0% during the 1st quarter. US Bancorp DE now owns 11,064 shares of the aerospace company’s stock valued at $658,000 after buying an additional 1,609 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Hexcel by 10.6% during the 1st quarter. HighTower Advisors LLC now owns 17,097 shares of the aerospace company’s stock valued at $1,017,000 after buying an additional 1,641 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Hexcel by 18.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,823 shares of the aerospace company’s stock worth $1,000,000 after purchasing an additional 2,567 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Hexcel by 22.7% in the 1st quarter. Bank of Montreal Can now owns 34,884 shares of the aerospace company’s stock worth $2,087,000 after purchasing an additional 6,443 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HXL. UBS Group cut shares of Hexcel from a “buy” rating to a “neutral” rating and cut their target price for the stock from $87.00 to $72.00 in a report on Tuesday, January 30th. The Goldman Sachs Group upgraded shares of Hexcel from a “sell” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $70.00 in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Hexcel in a research note on Wednesday, February 21st. Northcoast Research lowered Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price target on Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Hexcel has an average rating of “Hold” and a consensus target price of $76.57.

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.