Hexcel (HXL) Set to Announce Quarterly Earnings on Monday

Hexcel (NYSE:HXL) will release its earnings data after the market closes on Monday, October 21st. Analysts expect Hexcel to post earnings of $0.47 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Hexcel (NYSE:HXL) last issued its earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The company had revenue of $500.40 million for the quarter, compared to the consensus estimate of $484.26 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s quarterly revenue was up 10.1% 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 Trading Up 0.8 %

HXL stock opened at $62.72 on Friday. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 1.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The business has a 50 day simple moving average of $61.54 and a two-hundred day simple moving average of $64.49.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of research reports. BMO Capital Markets reduced their price target on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday, September 30th. UBS Group reduced their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Stifel Nicolaus cut their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Finally, Truist Financial cut their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.08.

Hexcel Company Profile

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.