Hexcel Corp HXL.N reported quarterly adjusted earnings of 50 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 40 cents to 52 cents per share.
Revenue fell 2.1% to $489.90 million from a year ago; analysts expected $475.63 million.
Hexcel Corp's reported EPS for the quarter was 17 cents.
The company reported quarterly net income of $13.5 million.
Hexcel Corp shares had risen by 10.8% this quarter and lost 0.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Hexcel Corp is $60.36, about 3.3% below its last closing price of $62.36
This summary was machine generated from LSEG data July 24 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)