Hexcel Co. (HXL) Updates FY14 Earnings Guidance
Hexcel Co. (NYSE:HXL) issued an update on its FY14 earnings guidance on Monday. The company provided earnings per share guidance of $2.06-2.14 for the period, compared to the Thomson Reuters consensus estimate of $2.13, Analyst Ratings.Net reports. The company issued revenue guidance of $1.81-1.86 billion, compared to the consensus revenue estimate of $1.86 billion.
Several analysts have recently commented on the stock. Analysts at CRT Capital raised their price target on shares of Hexcel from $48.00 to $50.00 in a research note on Wednesday, April 23rd. They now have a buy rating on the stock. Analysts at DA Davidson reiterated a buy rating on shares of Hexcel in a research note on Tuesday, April 22nd. They now have a $54.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $49.44.
Shares of Hexcel Co. (NYSE:HXL) traded up 1.07% on Monday, hitting $41.73. 1,559,063 shares of the company’s stock traded hands. Hexcel Co. has a 1-year low of $33.71 and a 1-year high of $46.46. The stock’s 50-day moving average is $41.16 and its 200-day moving average is $42.43. The company has a market cap of $4.081 billion and a price-to-earnings ratio of 21.62.
Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.55 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.55. The company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $465.54 million. During the same quarter last year, the company posted $0.48 earnings per share. Hexcel’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that Hexcel Co. will post $2.13 EPS for the current fiscal year.
Hexcel Corporation (NYSE:HXL) is a composites company.
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