Hexcel Corporation Expected to Earn FY2017 Earnings of $2.70 Per Share (HXL)
Hexcel Corporation (NYSE:HXL) – Equities research analysts at Jefferies Group issued their FY2017 earnings estimates for shares of Hexcel Corporation in a report released on Wednesday. Jefferies Group analyst S. Kahyaoglu forecasts that the aerospace company will post earnings of $2.70 per share for the year. Jefferies Group currently has a “Hold” rating and a $50.00 target price on the stock. Jefferies Group also issued estimates for Hexcel Corporation’s Q4 2017 earnings at $0.72 EPS, Q1 2018 earnings at $0.64 EPS, FY2018 earnings at $3.00 EPS, FY2019 earnings at $3.40 EPS and FY2020 earnings at $3.75 EPS.
Several other research firms have also weighed in on HXL. Zacks Investment Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Hexcel Corporation in a research note on Friday, September 29th. Loop Capital started coverage on shares of Hexcel Corporation in a research note on Thursday, September 28th. They issued a “hold” rating and a $61.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Hexcel Corporation in a research note on Friday, September 1st. Finally, Vertical Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $58.00 to $54.00 in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.90.
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Hexcel Corporation (NYSE HXL) opened at 63.76 on Monday. Hexcel Corporation has a 52 week low of $43.21 and a 52 week high of $63.82. The stock has a market capitalization of $5.72 billion, a PE ratio of 23.36 and a beta of 1.04. The stock has a 50 day moving average price of $57.28 and a 200 day moving average price of $53.52.
Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Hexcel Corporation had a return on equity of 18.40% and a net margin of 13.13%. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its holdings in shares of Hexcel Corporation by 7.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 61,837 shares of the aerospace company’s stock worth $3,373,000 after buying an additional 4,334 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Hexcel Corporation by 137.5% during the 1st quarter. Ameriprise Financial Inc. now owns 84,919 shares of the aerospace company’s stock worth $4,632,000 after buying an additional 49,164 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Hexcel Corporation by 5.2% during the 1st quarter. Neuberger Berman Group LLC now owns 5,523 shares of the aerospace company’s stock worth $301,000 after buying an additional 271 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Hexcel Corporation by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 662,248 shares of the aerospace company’s stock worth $36,126,000 after buying an additional 7,475 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Hexcel Corporation by 18.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,925 shares of the aerospace company’s stock worth $1,469,000 after buying an additional 4,187 shares during the period. 96.61% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, November 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.50 annualized dividend and a yield of 0.78%. Hexcel Corporation’s payout ratio is currently 18.05%.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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