Hexcel Corp. (HXL) Set to Announce Earnings on Thursday
Hexcel Corp. (NYSE:HXL) is scheduled to release its earnings data on Thursday, October 20th. Persons that wish to register for the company’s earnings conference call can do so using this link.
Hexcel Corp. (NYSE:HXL) last released its earnings results on Wednesday, July 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. The company earned $522.60 million during the quarter, compared to the consensus estimate of $504.31 million. During the same quarter last year, the company earned $0.63 earnings per share. Hexcel Corp.’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts expect Hexcel Corp. to post $2.54 EPS for the current fiscal year and $2.82 EPS for the next fiscal year.
Shares of Hexcel Corp. (NYSE:HXL) opened at 42.52 on Wednesday. Hexcel Corp. has a 12-month low of $37.54 and a 12-month high of $48.33. The firm has a 50-day moving average price of $43.80 and a 200-day moving average price of $43.71. The firm has a market cap of $3.93 billion, a P/E ratio of 17.67 and a beta of 0.98.
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HXL has been the subject of several research analyst reports. Canaccord Genuity set a $48.00 price objective on Hexcel Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. Zacks Investment Research lowered Hexcel Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Bank of America Corp. lowered Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Friday, July 29th. Finally, Jefferies Group restated a “hold” rating and issued a $44.00 price objective on shares of Hexcel Corp. in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.70.
In other news, Director David Charles Hill sold 1,188 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $44.47, for a total transaction of $52,830.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert George Hennemuth sold 2,495 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $112,275.00. Following the transaction, the senior vice president now owns 58,922 shares of the company’s stock, valued at $2,651,490. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HXL. Lebenthal Asset Management LLC bought a new position in shares of Hexcel Corp. during the second quarter valued at about $1,985,000. OMERS ADMINISTRATION Corp increased its position in shares of Hexcel Corp. by 11.4% in the second quarter. OMERS ADMINISTRATION Corp now owns 47,900 shares of the company’s stock valued at $1,995,000 after buying an additional 4,900 shares during the period. Franklin Resources Inc. increased its position in shares of Hexcel Corp. by 0.5% in the second quarter. Franklin Resources Inc. now owns 1,662,019 shares of the company’s stock valued at $69,180,000 after buying an additional 8,368 shares during the period. Sei Investments Co. increased its position in shares of Hexcel Corp. by 126.7% in the second quarter. Sei Investments Co. now owns 2,627 shares of the company’s stock valued at $109,000 after buying an additional 1,468 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Hexcel Corp. by 11.0% in the second quarter. Fifth Third Bancorp now owns 13,160 shares of the company’s stock valued at $548,000 after buying an additional 1,300 shares during the period. Institutional investors own 98.27% of the company’s stock.
About Hexcel Corp.
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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