Hexcel Corp. (HXL) Issues FY14 Earnings Guidance
Hexcel Corp. (NYSE:HXL) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.00-2.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11, AnalystRatings.Net reports. The company issued revenue guidance of $1.80-1.88 billion, compared to the consensus revenue estimate of $1.85 billion.
Shares of Hexcel Corp. (NYSE:HXL) traded down 0.78% on Thursday, hitting $46.04. 660,398 shares of the company’s stock traded hands. Hexcel Corp. has a one year low of $26.20 and a one year high of $46.46. The stock’s 50-day moving average is $43.94 and its 200-day moving average is $40.02. The company has a market cap of $4.584 billion and a P/E ratio of 26.67.
Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings results on Friday, January 24th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $427.00 million for the quarter, compared to the consensus estimate of $428.52 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Hexcel Corp. will post $1.85 earnings per share for the current fiscal year.
A number of research firms have recently commented on HXL. Analysts at Stifel Nicolaus raised their price target on shares of Hexcel Corp. from $50.00 to $55.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. On a related note, analysts at Credit Suisse downgraded shares of Hexcel Corp. from an outperform rating to a neutral rating in a research note to investors on Monday, January 6th. They now have a $49.00 price target on the stock, up previously from $43.00. Finally, analysts at RBC Capital reiterated a buy rating on shares of Hexcel Corp. in a research note to investors on Tuesday, November 26th. They now have a $47.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $46.82.
In other Hexcel Corp. news, Director Lynn Brubaker sold 3,143 shares of Hexcel Corp. stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $45.13, for a total transaction of $141,843.59. Following the sale, the director now directly owns 3,500 shares in the company, valued at approximately $157,955. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hexcel Corporation (NYSE:HXL) is a composites company.
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