|Bid||37.33 x 900|
|Ask||37.32 x 800|
|Day's Range||36.21 - 37.97|
|52 Week Range||24.54 - 87.00|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||16.26|
|Earnings Date||Oct 19, 2020 - Oct 23, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 13, 2020|
|1y Target Est||42.53|
Hexcel's (HXL) Q2 earnings down owing to lower sales and operating margin
Hexcel (HXL) delivered earnings and revenue surprises of -60.00% and 10.23%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Hexcel (NYSE:HXL) fell 2.35% in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share were down 91.49% year over year to $0.08, which missed the estimate of $0.20.Revenue of $378,700,000 decreased by 37.82% year over year, which beat the estimate of $371,110,000.Outlook Earnings guidance hasn't been issued by the company for now.View more earnings on HXLHexcel hasn't issued any revenue guidance for the time being.Recent Stock Performance Company's 52-week high was at $87.00Company's 52-week low was at $24.54Price action over last quarter: Up 56.28%Company Description Hexcel Corp develops and manufactures composites used in aerospace, defense, and other industrial markets. The company operates under two segments: Composite Materials and Engineered Products. It offers a wide range of adhesives, carbon fibers, and other structured materials to use in commercial and military aircraft, wind turbines, vehicles, and other industrial applications. The company has sales offices in different regions of the world to help distribute its products globally. Approximately half of its revenue comes from the United States, with the remainder split among various regions. Hexcel either markets directly to customers or uses independent distributors and manufacturer representatives.See more from Benzinga * Earnings Scheduled For July 27, 2020 * Benzinga's Top Upgrades, Downgrades For June 26, 2020 * Benzinga's Top Upgrades, Downgrades For June 5, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.