FY2024 Earnings Forecast for Hexcel Issued By Zacks Research

Hexcel Co. (NYSE:HXL) – Stock analysts at Zacks Research dropped their FY2024 EPS estimates for shares of Hexcel in a research note issued on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $2.02 for the year, down from their prior estimate of $2.03. The consensus estimate for Hexcel’s current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Hexcel’s Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.72 EPS, FY2025 earnings at $2.39 EPS, Q2 2026 earnings at $0.79 EPS, Q3 2026 earnings at $0.76 EPS and FY2026 earnings at $3.02 EPS.

HXL has been the subject of a number of other reports. UBS Group lifted their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, November 1st. BMO Capital Markets decreased their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Finally, Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.54.

Hexcel Stock Up 0.4 %

Shares of Hexcel stock opened at $61.93 on Tuesday. The company has a market capitalization of $5.02 billion, a P/E ratio of 47.28, a P/E/G ratio of 1.82 and a beta of 1.30. The company has a 50 day moving average of $61.11 and a 200 day moving average of $64.04. Hexcel has a 52-week low of $57.50 and a 52-week high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year.

Hedge Funds Weigh In On Hexcel

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after purchasing an additional 1,246,765 shares during the period. Millennium Management LLC boosted its stake in Hexcel by 307.1% in the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after buying an additional 814,402 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Hexcel by 215.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after acquiring an additional 590,975 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in shares of Hexcel by 280.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock worth $45,107,000 after acquiring an additional 532,550 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Hexcel by 114.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 436,321 shares of the aerospace company’s stock worth $31,786,000 after acquiring an additional 232,827 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. Hexcel’s dividend payout ratio (DPR) is 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.