Hexcel Corp reports results for the quarter ended March 31 - Earnings Summary

• Hexcel Corp HXL.N reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 50 cents per share.

• Revenue fell 3.3% to $456.50 million from a year ago; analysts expected $475.73 million.

• Hexcel Corp's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $28.9 million.

• Hexcel Corp shares had fallen by 4.9% this quarter and lost 16.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.2% in the last three months.​

• In the last 30 days, five 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," 14 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "hold"

• Wall Street's median 12-month price target for Hexcel Corp is $61.00

This summary was machine generated from LSEG data April 21 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)