Zacks: Brokerages Anticipate Hexcel Co. (NYSE:HXL) Will Post Earnings of $0.20 Per Share

Equities research analysts expect that Hexcel Co. (NYSE:HXL) will post earnings per share of $0.20 for the current quarter, Zacks reports. Four analysts have issued estimates for Hexcel’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.05. Hexcel posted earnings of $0.90 per share in the same quarter last year, which suggests a negative year over year growth rate of 77.8%. The firm is expected to announce its next quarterly earnings results on Monday, October 19th.

According to Zacks, analysts expect that Hexcel will report full year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.72 to $1.20. For the next financial year, analysts forecast that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $0.96 to $1.95. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hexcel.

Hexcel (NYSE:HXL) last released its earnings results on Monday, July 27th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.12). Hexcel had a net margin of 9.48% and a return on equity of 14.73%. The business had revenue of $378.70 million during the quarter, compared to analyst estimates of $372.66 million. During the same period last year, the business earned $0.94 EPS. The business’s quarterly revenue was down 37.8% compared to the same quarter last year.

HXL has been the subject of a number of research reports. UBS Group downgraded Hexcel from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $31.00 to $32.00 in a research report on Thursday, September 17th. Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $52.00 to $42.00 in a research report on Tuesday, August 4th. Barclays raised their target price on Hexcel from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. KeyCorp restated a “buy” rating and set a $55.00 target price on shares of Hexcel in a research report on Wednesday, July 29th. Finally, Wolfe Research downgraded Hexcel from a “peer perform” rating to an “underperform” rating and set a $27.00 target price for the company. in a research report on Thursday, September 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Hexcel presently has an average rating of “Hold” and a consensus target price of $41.45.

Shares of HXL stock traded up $1.75 during mid-day trading on Friday, reaching $35.30. The stock had a trading volume of 1,421,434 shares, compared to its average volume of 1,361,837. The firm’s 50 day simple moving average is $38.81 and its 200 day simple moving average is $38.12. The company has a quick ratio of 2.42, a current ratio of 3.86 and a debt-to-equity ratio of 0.88. Hexcel has a one year low of $24.54 and a one year high of $80.57. The firm has a market cap of $2.80 billion, a PE ratio of 15.48, a P/E/G ratio of 7.24 and a beta of 1.15.

A number of institutional investors and hedge funds have recently modified their holdings of HXL. Principal Financial Group Inc. bought a new stake in shares of Hexcel in the 2nd quarter worth approximately $11,972,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Hexcel during the 2nd quarter valued at $1,411,000. PNC Financial Services Group Inc. grew its position in Hexcel by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 60,649 shares of the aerospace company’s stock worth $2,742,000 after acquiring an additional 1,936 shares in the last quarter. Neuberger Berman Group LLC grew its position in Hexcel by 2.0% in the second quarter. Neuberger Berman Group LLC now owns 124,124 shares of the aerospace company’s stock worth $5,613,000 after acquiring an additional 2,456 shares in the last quarter. Finally, Handelsbanken Fonder AB purchased a new position in Hexcel in the second quarter worth $858,000.

About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Earnings History and Estimates for Hexcel (NYSE:HXL)

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