Hexcel (NYSE:HXL) posted its quarterly earnings results on Sunday. The aerospace company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.02, MarketWatch Earnings reports. Hexcel had a net margin of 7.02% and a return on equity of 7.52%. The company had revenue of $295.80 million for the quarter, compared to analyst estimates of $300.47 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was down 47.6% compared to the same quarter last year.
Shares of Hexcel stock traded down $2.05 during trading on Tuesday, reaching $45.01. The company’s stock had a trading volume of 35,569 shares, compared to its average volume of 830,842. Hexcel has a 52-week low of $24.54 and a 52-week high of $77.29. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 14.52 and a beta of 1.50. The firm’s 50-day moving average is $49.32 and its two-hundred day moving average is $42.81. The company has a quick ratio of 1.78, a current ratio of 3.28 and a debt-to-equity ratio of 0.67.
Several research firms have recently issued reports on HXL. Credit Suisse Group lowered shares of Hexcel from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $34.00 to $40.00 in a research report on Thursday, January 21st. CSFB lowered shares of Hexcel from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $40.00 in a research report on Friday, October 9th. KeyCorp upped their target price on shares of Hexcel from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, November 13th. Canaccord Genuity decreased their target price on shares of Hexcel from $38.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, October 21st. Finally, Barclays lowered shares of Hexcel from an “equal weight” rating to an “underweight” rating and set a $57.00 target price on the stock. in a report on Friday, December 4th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.70.
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 automotive, marine, and trains.
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