Hexcel (NYSE:HXL – Get Free Report) announced its earnings results on Monday. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01, Briefing.com reports. The business 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 9.55% and a net margin of 5.78%. During the same period last year, the business posted $0.38 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Hexcel updated its FY24 guidance to $2.02-$2.18 EPS and its FY 2024 guidance to 2.020-2.020 EPS.
Hexcel Stock Down 2.6 %
Shares of HXL stock opened at $62.70 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. The stock has a market cap of $5.21 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. The business’s fifty day moving average is $61.65 and its 200-day moving average is $64.28. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09.
Hexcel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be given a $0.15 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is 51.28%.
Analyst Upgrades and Downgrades
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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.
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