Hexcel Corp. (HXL) Set to Announce Quarterly Earnings on Thursday
Hexcel Corp. (NYSE:HXL) will be announcing its earnings results on Thursday, October 20th. Hexcel Corp. has set its FY16 guidance at $2.48-2.56 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Hexcel Corp. (NYSE:HXL) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The business had revenue of $522.60 million for the quarter, compared to analysts’ expectations of $504.31 million. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. On average, analysts expect Hexcel Corp. to post $2.54 EPS for the current fiscal year and $2.82 EPS for the next fiscal year.
Hexcel Corp. (NYSE:HXL) opened at 42.04 on Tuesday. The stock has a market capitalization of $3.89 billion, a PE ratio of 17.47 and a beta of 0.98. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $48.33. The firm has a 50-day moving average price of $43.89 and a 200-day moving average price of $43.71.
In related news, insider Thierry Merlot sold 8,600 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $45.01, for a total transaction of $387,086.00. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $1,188,849.13. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Charles Hill sold 1,188 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $44.47, for a total value of $52,830.36. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Lebenthal Asset Management LLC bought a new stake in shares of Hexcel Corp. during the second quarter worth about $1,985,000. OMERS ADMINISTRATION Corp increased its stake in shares of Hexcel Corp. by 11.4% in the second quarter. OMERS ADMINISTRATION Corp now owns 47,900 shares of the company’s stock worth $1,995,000 after buying an additional 4,900 shares during the period. Franklin Resources Inc. increased its stake in shares of Hexcel Corp. by 0.5% in the second quarter. Franklin Resources Inc. now owns 1,662,019 shares of the company’s stock worth $69,180,000 after buying an additional 8,368 shares during the period. Sei Investments Co. increased its stake in shares of Hexcel Corp. by 126.7% in the second quarter. Sei Investments Co. now owns 2,627 shares of the company’s stock worth $109,000 after buying an additional 1,468 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Hexcel Corp. by 11.0% in the second quarter. Fifth Third Bancorp now owns 13,160 shares of the company’s stock worth $548,000 after buying an additional 1,300 shares during the period. 98.27% of the stock is owned by institutional investors.
HXL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Hexcel Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, June 28th. Canaccord Genuity set a $48.00 price objective on Hexcel Corp. and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Bank of America Corp. lowered Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Friday, July 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Hexcel Corp. in a research note on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.70.
Hexcel Corp. Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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