Hexcel Corporation (HXL) Releases FY17 Earnings Guidance
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 research analysts have recently commented on the stock. Canaccord Genuity reaffirmed a hold rating and issued a $54.00 price target on shares of Hexcel Corporation in a report on Thursday. Zacks Investment Research raised shares of Hexcel Corporation from a sell rating to a hold rating in a report on Tuesday. Loop Capital assumed coverage on shares of Hexcel Corporation in a report on Thursday, September 28th. They issued a hold rating and a $61.00 price target for the company. BidaskClub lowered shares of Hexcel Corporation from a hold rating to a sell rating in a report on Monday, July 31st. Finally, Cowen and Company reaffirmed a buy rating and issued a $57.00 price target on shares of Hexcel Corporation in a report on Wednesday, August 9th. One equities 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. The stock presently has a consensus rating of Hold and an average target price of $58.00.
Hexcel Corporation (HXL) opened at 61.39 on Friday. The firm’s 50-day moving average is $56.99 and its 200-day moving average is $53.45. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.49 and a beta of 1.04. Hexcel Corporation has a 1-year low of $43.21 and a 1-year high of $61.88.
Hexcel Corporation (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Hexcel Corporation had a net margin of 13.13% and a return on equity of 18.92%. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that Hexcel Corporation will post $2.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, October 31st. Hexcel Corporation’s dividend payout ratio is currently 18.05%.
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An institutional investor recently raised its position in Hexcel Corporation stock. The Manufacturers Life Insurance Company boosted its stake in shares of Hexcel Corporation (NYSE:HXL) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,098 shares of the aerospace company’s stock after acquiring an additional 200 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Hexcel Corporation were worth $163,000 as of its most recent SEC filing. 96.61% of the stock is currently owned by institutional investors and hedge funds.
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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