Hexcel Corporation (NYSE:HXL) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.64-2.72 for the period, compared to the Thomson Reuters consensus estimate of $2.67. The company issued revenue guidance of Just under $2 billion, compared to the consensus revenue estimate of $1.99 billion.
Several equities analysts have recently commented on the company. Loop Capital upped their target price on Hexcel Corporation from $61.00 to $64.00 and gave the company a hold rating in a report on Tuesday. Bank of America Corporation upped their target price on Hexcel Corporation from $65.00 to $70.00 and gave the company a buy rating in a report on Friday, October 20th. KeyCorp upped their target price on Hexcel Corporation from $65.00 to $69.00 and gave the company an overweight rating in a report on Friday, October 20th. Canaccord Genuity reaffirmed a hold rating and set a $54.00 target price on shares of Hexcel Corporation in a report on Thursday, October 19th. Finally, Zacks Investment Research raised Hexcel Corporation from a sell rating to a hold rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Hexcel Corporation has an average rating of Hold and a consensus price target of $59.20.
Hexcel Corporation (HXL) traded down 1.34% during mid-day trading on Friday, hitting $61.21. The stock had a trading volume of 665,677 shares. The company has a market cap of $5.50 billion, a P/E ratio of 22.42 and a beta of 1.04. The company has a 50-day moving average price of $57.91 and a 200 day moving average price of $53.69. Hexcel Corporation has a 1-year low of $44.61 and a 1-year high of $63.93.
Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $507.77 million. Hexcel Corporation had a net margin of 13.13% and a return on equity of 18.40%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. Equities research analysts forecast that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, November 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, October 31st. Hexcel Corporation’s payout ratio is 18.05%.
In other Hexcel Corporation news, SVP Kimberly A. Hendricks sold 2,608 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the transaction, the senior vice president now directly owns 22,221 shares of the company’s stock, valued at $1,407,700.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.
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An institutional investor recently raised its position in Hexcel Corporation stock. The Manufacturers Life Insurance Company lifted its position in shares of Hexcel Corporation (NYSE:HXL) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,098 shares of the aerospace company’s stock after purchasing an additional 200 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Hexcel Corporation were worth $163,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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