Hexcel (NYSE:HXL – Get Free Report) announced its quarterly earnings data on Monday. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter last year, the business posted $0.38 EPS. The business’s quarterly 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 Trading Up 1.2 %
Shares of Hexcel stock opened at $64.36 on Wednesday. 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 company has a market capitalization of $5.35 billion, a P/E ratio of 55.01, a PEG ratio of 1.38 and a beta of 1.29. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The company’s fifty day moving average is $61.64 and its two-hundred day moving average is $64.29.
Hexcel Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 annualized dividend and a yield of 0.93%. Hexcel’s dividend payout ratio (DPR) is 51.28%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on HXL
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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