Hexcel (NYSE:HXL – Get Free Report) released its quarterly earnings data on Monday. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Briefing.com reports. The company 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%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. 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 2.7 %
NYSE HXL opened at $62.68 on Thursday. The business has a fifty day moving average price of $61.65 and a two-hundred day moving average price of $64.28. The stock has a market capitalization of $5.21 billion, a PE ratio of 53.59, a PEG ratio of 1.38 and a beta of 1.29. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55.
Hexcel Announces Dividend
The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is 51.28%.
Analysts Set New Price Targets
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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