Seaport Res Ptn Issues Negative Outlook for Hexcel Earnings

Hexcel Co. (NYSE:HXL) – Research analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for Hexcel in a research report issued to clients and investors on Tuesday, January 14th. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will post earnings per share of $2.03 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 released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada upgraded shares of Hexcel from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $68.00 to $74.00 in a report on Thursday, December 19th. BMO Capital Markets dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Truist Financial reduced their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Vertical Research lowered 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. Finally, TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Hexcel presently has an average rating of “Hold” and an average price target of $71.33.

Hexcel Price Performance

Hexcel stock opened at $66.32 on Thursday. The company has a market capitalization of $5.37 billion, a PE ratio of 50.63, 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. The stock has a 50-day moving average price of $62.98 and a two-hundred day moving average price of $62.58. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09.

Hexcel Dividend Announcement

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 0.90%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is 45.80%.

Hedge Funds Weigh In On Hexcel

A number of institutional investors and hedge funds have recently made changes to their positions in HXL. AQR Capital Management LLC increased its position in Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after buying an additional 1,246,765 shares in the last quarter. Millennium Management LLC increased its position in shares of Hexcel by 307.1% during the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after acquiring an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Hexcel by 215.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after acquiring an additional 590,975 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after acquiring an additional 425,402 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in Hexcel by 34.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after purchasing an additional 251,062 shares during the last quarter. 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.