Top Wall Street Forecasters Revamp Hexcel Price Expectations Ahead Of Q3 Earnings

Hexcel Corporation HXL will release earnings results for its third quarter after the closing bell on Monday, Oct. 21.

Analysts expect the Stamford, Connecticut-based bank to report quarterly earnings at 46 cents per share, up from 38 cents per share in the year-ago period. Hexcel projects to report revenue of $456.9 million for the recent quarter, compared to $427.28 million a year earlier, according to data from Benzinga Pro.

On July 18, Hexcel missed second-quarter revenue estimates and lowered its FY24 outlook.

Hexcel shares gained 0.8% to close at $62.72 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Truist Securities analyst Michael Ciarmoli maintained a Buy rating and cut the price target from $78 to $76 on Oct. 18. This analyst has an accuracy rate of 78%.
• Vertical Research analyst Robert Stallard downgraded the stock from Buy to Hold with a price target of $65 on Oct. 10. This analyst has an accuracy rate of 76%.
• Deutsche Bank analyst Scott Deuschle maintained a Hold rating and cut the price target from $65 to $62 on Oct. 3. This analyst has an accuracy rate of 75%.
• BMO Capital analyst John McNulty maintained a Market Perform rating and lowered the price target from $71 to $70 on Sept. 30. This analyst has an accuracy rate of 68%.
• RBC Capital analyst Ken Herbert downgraded the stock from Outperform to Sector Perform and cut the price target from $76 to $68 on Aug. 14. This analyst has an accuracy rate of 73%.

Considering buying HXL stock? Here’s what analysts think:

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