Hexcel Corporation (NYSE:HXL) is reporting third quarter earnings results on Monday 19th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.08 per share.
For the full year, analysts predict revenues of $ 1664.26 million, while looking forward to income of $ 0.93 per share.
Previous Quarter Performance
Hexcel Corporation recorded income for the second quarter of $ 0.08 per share, from the revenue of $ 378.70 million. The quarterly earnings fell 91.49 percent while revenues contracted 37.50 percent compared with the same quarter last year.
Street analysts expected Hexcel Corporation to report income of $ 0.20 per share on revenue of $ 370.56 million for the second quarter. The bottom line results missed street analysts by $ 0.12 or 60 percent, at the same time, top line results outshined analysts by $ 8.14 million or 2.20 percent.
Stock Performance
On Friday, shares of Hexcel Corporation has traded high as $ 37.33 and has cracked $ 35.51 on the downward trend, reaching $ 35.53 with volume of 744.70 thousand shares.
According to the previous trading day, closing price of $ 35.53, representing a 48.41 % increase from the 52 week low of $ 24.54 and a 54.8 % decrease over the 52 week high of $ 80.57.
The company has a market capital of $ 2.97 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 9th October 2020, downgraded by Credit Suisse Group to Neutral from Outperform rating, with $ 40.00 target price.
- On 17th September 2020, downgraded by UBS Group to Sell from Neutral rating, with $ 32.00 target price.
Conference Call
Hexcel Corporation will be hosting a conference call at 10:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hexcel.com
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
