Hexcel Corporation (HXL) Issues FY17 Earnings Guidance

Hexcel Corporation (NYSE:HXL) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.70. The company issued revenue guidance of $2.04 billion, compared to the consensus revenue estimate of 64-2.76.

Shares of Hexcel Corporation (HXL) opened at 52.37 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 19.18 and a beta of 1.04. Hexcel Corporation has a one year low of $41.03 and a one year high of $55.91. The company’s 50-day moving average is $53.15 and its 200-day moving average is $52.57.

Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. Hexcel Corporation’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. Equities analysts predict that Hexcel Corporation will post $2.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, August 3rd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.95%. This is an increase from Hexcel Corporation’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, August 1st. Hexcel Corporation’s payout ratio is currently 18.32%.

A number of equities analysts have issued reports on HXL shares. BidaskClub downgraded shares of Hexcel Corporation from a hold rating to a sell rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Hexcel Corporation from a hold rating to a buy rating and set a $58.00 price objective on the stock in a report on Monday, June 26th. Canaccord Genuity reissued a hold rating and issued a $54.00 price target on shares of Hexcel Corporation in a report on Monday, July 24th. Vertical Research downgraded shares of Hexcel Corporation from a buy rating to a hold rating and cut their price target for the stock from $58.00 to $54.00 in a report on Wednesday, July 26th. Finally, Aegis reissued a buy rating on shares of Hexcel Corporation in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $56.89.

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A hedge fund recently raised its stake in Hexcel Corporation stock. The Manufacturers Life Insurance Company increased its stake in shares of Hexcel Corporation (NYSE:HXL) by 6.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,098 shares of the aerospace company’s stock after buying an additional 200 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Hexcel Corporation were worth $163,000 as of its most recent SEC filing.

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.