Hexcel (NYSE:HXL) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Hexcel (NYSE:HXL) released its quarterly earnings results on Monday. The aerospace company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02, RTT News reports. The firm had revenue of $572.50 million during the quarter, compared to analyst estimates of $598.88 million. Hexcel had a return on equity of 21.45% and a net margin of 12.90%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. Hexcel updated its FY 2019 guidance to $3.43-3.53 EPS and its FY19 guidance to $3.43-3.53 EPS.

NYSE:HXL traded down $1.41 during mid-day trading on Monday, hitting $74.76. 940,186 shares of the company’s stock traded hands, compared to its average volume of 478,014. The company has a fifty day moving average of $80.41 and a 200 day moving average of $77.32. Hexcel has a twelve month low of $53.50 and a twelve month high of $87.00. The company has a market capitalization of $6.53 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.12 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.28 and a current ratio of 2.22.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.91%. Hexcel’s dividend payout ratio is currently 22.30%.

In other news, insider Robert George Hennemuth sold 37,544 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $83.56, for a total value of $3,137,176.64. Following the transaction, the insider now directly owns 73,046 shares of the company’s stock, valued at $6,103,723.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brett Raymond Schneider sold 4,417 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $81.61, for a total value of $360,471.37. Following the completion of the transaction, the insider now directly owns 10,201 shares in the company, valued at $832,503.61. The disclosure for this sale can be found here. Insiders have sold a total of 57,623 shares of company stock worth $4,840,665 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on the company. Bank of America lowered Hexcel from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $95.00 to $80.00 in a research report on Tuesday, October 1st. Zacks Investment Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research report on Tuesday, July 2nd. KeyCorp boosted their price target on Hexcel from $86.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. ValuEngine lowered Hexcel from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Goldman Sachs Group lowered Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Hexcel has a consensus rating of “Hold” and an average price target of $81.51.

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. It 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, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Earnings History for Hexcel (NYSE:HXL)

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