Hexcel (NYSE:HXL – Get Free Report) released its quarterly earnings results on Monday. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01, Briefing.com reports. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. Hexcel’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. Hexcel updated its FY24 guidance to $2.02-$2.18 EPS and its FY 2024 guidance to 2.020-2.020 EPS.
Hexcel Stock Up 1.4 %
Shares of Hexcel stock opened at $63.61 on Tuesday. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 54.37, a PEG ratio of 1.38 and a beta of 1.29. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $61.54 and its 200-day simple moving average is $64.40.
Hexcel Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Hexcel’s payout ratio is currently 51.28%.
Analysts Set New Price Targets
View Our Latest Report on Hexcel
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.
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