Hexcel (HXL) Scheduled to Post Earnings on Monday

Hexcel (NYSE:HXL - Get Free Report) is scheduled to post its quarterly earnings results 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.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Hexcel (NYSE:HXL - Get Free Report) last posted 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). The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $474.01 million. Hexcel had a net margin of 5.91% and a return on equity of 9.31%. Hexcel's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, analysts expect Hexcel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hexcel Price Performance

NYSE:HXL traded down $1.06 on Monday, reaching $61.50. 1,348,954 shares of the company's stock traded hands, compared to its average volume of 850,827. The company has a quick ratio of 1.68, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $72.12 and a 200-day simple moving average of $69.68. The firm has a market cap of $5.11 billion, a PE ratio of 49.60, a P/E/G ratio of 1.29 and a beta of 1.23. Hexcel has a 12 month low of $58.81 and a 12 month high of $79.08.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. This is a boost from Hexcel's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, February 8th. Hexcel's payout ratio is 48.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HXL. Wells Fargo & Company lifted their target price on Hexcel from $78.00 to $81.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 21st. Northcoast Research cut Hexcel from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Hexcel in a report on Wednesday, February 21st. StockNews.com cut Hexcel from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Finally, Barclays dropped their price target on Hexcel from $80.00 to $75.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $76.57.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Thierry Merlot sold 4,500 shares of the business's stock in a transaction that occurred 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 owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Gina Fitzsimons sold 864 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thierry Merlot sold 4,500 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the completion of the sale, the insider now owns 50,371 shares of the company's stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. Company insiders own 1.85% of the company's stock.

Institutional Trading of Hexcel

Large investors have recently modified their holdings of the company. Blair William & Co. IL purchased a new stake in shares of Hexcel in the first quarter valued at approximately $224,000. High Falls Advisors Inc purchased a new stake in shares of Hexcel in the fourth quarter valued at approximately $221,000. Keeley Teton Advisors LLC purchased a new stake in shares of Hexcel in the first quarter valued at approximately $214,000. Bleakley Financial Group LLC purchased a new stake in shares of Hexcel in the first quarter valued at approximately $211,000. Finally, Franklin Resources Inc. bought a new position in Hexcel in the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.