Hexcel (NYSE:HXL) Releases FY 2019 Earnings Guidance

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Hexcel (NYSE:HXL) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.43-3.53 for the period, compared to the Thomson Reuters consensus estimate of $3.50. The company issued revenue guidance of $2.375-2.475 billion, compared to the consensus revenue estimate of $2.43 billion.Hexcel also updated its FY19 guidance to $3.43-3.53 EPS.

HXL opened at $84.29 on Tuesday. The company’s 50 day simple moving average is $79.01. The company has a market capitalization of $6.81 billion, a PE ratio of 27.64, a PEG ratio of 2.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.28 and a current ratio of 2.24. Hexcel has a twelve month low of $53.50 and a twelve month high of $82.00.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, July 22nd. The aerospace company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. The company had revenue of $609.00 million for the quarter, compared to analysts’ expectations of $606.03 million. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, equities analysts forecast that Hexcel will post 3.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is 19.67%.

HXL has been the topic of a number of recent analyst reports. KeyCorp cut Steris from an overweight rating to a sector weight rating in a report on Tuesday, July 9th. They noted that the move was a valuation call. BMO Capital Markets reissued an outperform rating and set a $23.00 target price on shares of Mallinckrodt in a report on Wednesday, May 22nd. ValuEngine raised YY from a sell rating to a hold rating in a report on Friday, June 7th. Bank of America set a $275.00 target price on SVB Financial Group and gave the stock a buy rating in a report on Friday, April 26th. Finally, Barclays reissued a hold rating and set a $77.00 target price on shares of Hexcel in a report on Sunday, May 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $79.13.

In other Hexcel news, insider Timothy Swords sold 20,395 shares of Hexcel stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $70.86, for a total value of $1,445,189.70. Following the transaction, the insider now owns 16,839 shares in the company, valued at $1,193,211.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brett Raymond Schneider sold 2,210 shares of Hexcel stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $70.30, for a total transaction of $155,363.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,179 shares of company stock worth $2,600,947. 1.40% of the stock is owned by corporate insiders.

About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

Read More: Debt-To-Equity Ratio

Earnings History and Estimates for Hexcel (NYSE:HXL)

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