Hexcel (HXL) to Release Quarterly Earnings on Monday

Hexcel (NYSE:HXL) will be issuing its quarterly earnings data after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Hexcel has set its FY 2024 guidance at 2.100-2.300 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Hexcel (NYSE:HXL) last issued its 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 company had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $474.01 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $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 Stock Performance

Shares of NYSE:HXL opened at $61.71 on Friday. The firm has a market cap of $5.13 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.23. The firm’s 50 day simple moving average is $71.37 and its 200-day simple moving average is $69.52. 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 quick ratio of 1.68 and a current ratio of 2.74.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from Hexcel’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. Hexcel’s dividend payout ratio (DPR) is 48.39%.

Insider Buying and Selling at Hexcel

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

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently made changes to their positions in HXL. Price T Rowe Associates Inc. MD raised its holdings in shares of Hexcel by 2.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 136,908 shares of the aerospace company’s stock worth $10,098,000 after purchasing an additional 3,866 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Hexcel by 840.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 65,422 shares of the aerospace company’s stock worth $4,825,000 after purchasing an additional 58,467 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Hexcel during the fourth quarter worth $516,000. Public Employees Retirement System of Ohio raised its holdings in shares of Hexcel by 12.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 74,150 shares of the aerospace company’s stock worth $5,469,000 after purchasing an additional 8,009 shares during the last quarter. Finally, High Falls Advisors Inc purchased a new position in shares of Hexcel during the fourth quarter worth $221,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated an “underperform” rating and set a $65.00 price objective (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Northcoast Research downgraded shares of Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their price objective on shares of Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Stifel Nicolaus dropped their price objective on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Truist Financial dropped their price objective on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $76.50.

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.