Hexcel (NYSE:HXL) issued its earnings results on Monday. The aerospace company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02, RTT News reports. Hexcel had a net margin of 13.78% and a return on equity of 17.56%. The company had revenue of $540.50 million for the quarter, compared to the consensus estimate of $545.88 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Hexcel’s quarterly revenue was up 10.0% compared to the same quarter last year. Hexcel updated its FY 2018 guidance to $2.99-3.07 EPS and its FY18 guidance to $2.99-3.07 EPS.
Hexcel stock opened at $62.43 on Tuesday. The company has a market capitalization of $5.52 billion, a PE ratio of 23.29, a P/E/G ratio of 2.45 and a beta of 1.14. Hexcel has a 1 year low of $58.78 and a 1 year high of $73.42. The company has a current ratio of 2.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, November 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is 22.39%.
A number of brokerages have commented on HXL. Cowen reaffirmed a “buy” rating and set a $75.00 target price on shares of Hexcel in a research note on Monday. Zacks Investment Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. UBS Group began coverage on shares of Hexcel in a research note on Wednesday, August 15th. They issued a “sell” rating and a $65.00 price target on the stock. Finally, Stephens set a $80.00 price target on shares of Hexcel and gave the company a “buy” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $73.45.
Hexcel Company Profile
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
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