Hexcel (NYSE:HXL – Get Free Report) issued its quarterly earnings data on Monday. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01, Briefing.com reports. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Hexcel updated its FY24 guidance to $2.02-$2.18 EPS and its FY 2024 guidance to 2.020-2.020 EPS.
Hexcel Price Performance
Shares of HXL opened at $62.68 on Thursday. 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 company’s fifty day simple moving average is $61.65 and its 200 day simple moving average is $64.28. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 53.59, a PEG ratio of 1.38 and a beta of 1.29.
Hexcel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. Hexcel’s dividend payout ratio is presently 51.28%.
Wall Street Analyst Weigh In
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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