Jefferies Group Weighs in on Hexcel Co.’s Q1 2018 Earnings (HXL)

Hexcel Co. (NYSE:HXL) – Jefferies Group lifted their Q1 2018 earnings estimates for Hexcel in a research note issued to investors on Wednesday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.60. Jefferies Group also issued estimates for Hexcel’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $3.00 EPS, FY2019 earnings at $3.55 EPS and FY2020 earnings at $3.90 EPS.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $511.70 million during the quarter, compared to analyst estimates of $506.70 million. Hexcel had a net margin of 14.39% and a return on equity of 18.38%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share.

Other analysts have also issued reports about the stock. Canaccord Genuity reissued a “hold” rating and issued a $54.00 price target on shares of Hexcel in a research report on Thursday, October 19th. Stephens raised their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday. Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Bank of America raised their price objective on shares of Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Loop Capital set a $64.00 price objective on shares of Hexcel and gave the company a “hold” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Hexcel presently has an average rating of “Hold” and an average target price of $64.78.

Shares of Hexcel (HXL) opened at $67.62 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5,961.72, a P/E ratio of 21.88, a PEG ratio of 2.92 and a beta of 1.10. Hexcel has a 52-week low of $49.20 and a 52-week high of $69.27.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.74%. The ex-dividend date is Monday, February 5th. Hexcel’s payout ratio is presently 16.18%.

In related news, CEO Nick L. Stanage sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $62.01, for a total transaction of $434,070.00. Following the transaction, the chief executive officer now owns 161,463 shares of the company’s stock, valued at $10,012,320.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nick L. Stanage sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.00, for a total transaction of $1,116,000.00. Following the transaction, the chief executive officer now directly owns 172,463 shares in the company, valued at approximately $10,692,706. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,363 shares of company stock worth $6,336,024. Insiders own 2.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Port Capital LLC bought a new position in shares of Hexcel in the fourth quarter valued at approximately $11,421,000. Jennison Associates LLC bought a new position in shares of Hexcel in the fourth quarter valued at approximately $54,541,000. Baldwin Brothers Inc. MA raised its position in shares of Hexcel by 3.8% in the fourth quarter. Baldwin Brothers Inc. MA now owns 62,311 shares of the aerospace company’s stock valued at $3,878,000 after purchasing an additional 2,275 shares during the period. SG Americas Securities LLC bought a new position in shares of Hexcel in the fourth quarter valued at approximately $136,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Hexcel in the fourth quarter valued at approximately $377,000. 96.39% of the stock is currently owned by institutional investors.

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About Hexcel

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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