Seaport Res Ptn Analysts Lower Earnings Estimates for Hexcel

Hexcel Co. (NYSE:HXL) – Seaport Res Ptn dropped their FY2024 EPS estimates for Hexcel in a report released on Tuesday, January 14th. Seaport Res Ptn analyst R. Safran now forecasts that the aerospace company will earn $2.03 per share for the year, down from their prior forecast of $2.05. The consensus estimate for Hexcel’s current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Hexcel’s Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.63 EPS and Q4 2025 earnings at $0.70 EPS.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share.

A number of other research firms also recently issued reports on HXL. BMO Capital Markets cut their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. UBS Group increased their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Finally, Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.33.

Hexcel Stock Up 1.2 %

Shares of HXL opened at $67.39 on Thursday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 51.44, a P/E/G ratio of 1.77 and a beta of 1.30. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The firm has a fifty day moving average price of $62.68 and a 200-day moving average price of $62.49.

Hedge Funds Weigh In On Hexcel

Several institutional investors and hedge funds have recently modified their holdings of HXL. True Wealth Design LLC purchased a new stake in Hexcel in the 3rd quarter worth $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Hexcel during the third quarter worth about $56,000. First Horizon Advisors Inc. lifted its stake in Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after buying an additional 326 shares in the last quarter. Huntington National Bank boosted its holdings in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after buying an additional 225 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Hexcel during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is presently 45.80%.

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.