Hexcel (NYSE:HXL) Releases Quarterly Earnings Results, Meets Estimates

Hexcel (NYSE:HXL) released its quarterly earnings data on Wednesday. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52, Zacks reports. Hexcel had a net margin of 5.73% and a return on equity of 9.99%.

Hexcel Stock Up 0.1 %

Shares of HXL stock traded up $0.06 during mid-day trading on Wednesday, hitting $68.52. 2,165,931 shares of the stock traded hands, compared to its average volume of 1,315,968. Hexcel has a 52-week low of $57.50 and a 52-week high of $77.09. The stock’s fifty day moving average is $63.22 and its two-hundred day moving average is $62.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a market cap of $5.55 billion, a P/E ratio of 52.30, a P/E/G ratio of 1.88 and a beta of 1.30.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price target on Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average target price of $71.33.

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.