Hexcel (HXL) Releases FY18 Earnings Guidance

Hexcel (NYSE:HXL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.80-2.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.98. The company issued revenue guidance of $2.10-2.20 billion, compared to the consensus revenue estimate of $2.18 billion.

Shares of Hexcel (NYSE:HXL) traded down $1.16 during mid-day trading on Tuesday, reaching $59.34. 578,000 shares of the company’s stock traded hands, compared to its average volume of 582,474. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53. Hexcel has a 52 week low of $49.20 and a 52 week high of $63.93. The stock has a market cap of $5,434.44, a PE ratio of 23.09, a PEG ratio of 2.86 and a beta of 1.10.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The company had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $507.77 million. During the same quarter last year, the company posted $0.65 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. sell-side analysts predict that Hexcel will post 2.67 earnings per share for the current fiscal year.

A number of research firms have commented on HXL. Stephens began coverage on shares of Hexcel in a research note on Wednesday, December 6th. They issued an overweight rating and a $74.00 price objective on the stock. Canaccord Genuity restated a hold rating and issued a $62.00 price objective on shares of Hexcel in a research note on Tuesday, November 14th. Loop Capital lifted their price objective on shares of Hexcel from $61.00 to $64.00 and gave the company a hold rating in a research note on Tuesday, October 24th. Bank of America lifted their price objective on shares of Hexcel from $65.00 to $70.00 and gave the company a buy rating in a research note on Friday, October 20th. Finally, KeyCorp lifted their target price on shares of Hexcel from $65.00 to $69.00 and gave the company an overweight rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $61.67.

In related news, SVP Kimberly A. Hendricks sold 2,608 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $63.35, for a total transaction of $165,216.80. Following the sale, the senior vice president now owns 22,221 shares of the company’s stock, valued at $1,407,700.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thierry Merlot sold 3,748 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $61.19, for a total transaction of $229,340.12. Following the sale, the insider now directly owns 13,691 shares in the company, valued at approximately $837,752.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,797 shares of company stock worth $1,636,263. Insiders own 2.10% of the company’s stock.

An institutional investor recently raised its position in Hexcel stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Hexcel Corporation (NYSE:HXL) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,098 shares of the aerospace company’s stock after acquiring an additional 200 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Hexcel were worth $163,000 at the end of the most recent reporting period. 96.67% of the stock is owned by institutional investors and hedge funds.

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Hexcel 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.

Earnings History and Estimates for Hexcel (NYSE:HXL)

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