Hexcel (HXL) Updates 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.
Hexcel (NYSE:HXL) opened at $61.20 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53. The firm has a market capitalization of $5,477.56, a price-to-earnings ratio of 23.27, a PEG ratio of 2.88 and a beta of 1.10. Hexcel has a 12 month low of $49.20 and a 12 month high of $63.93.
Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. The company had revenue of $491.50 million for the quarter, compared to the consensus estimate of $507.77 million. Hexcel had a return on equity of 18.40% and a net margin of 13.13%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. sell-side analysts forecast that Hexcel will post 2.67 earnings per share for the current year.
HXL has been the topic of a number of analyst reports. KeyCorp reissued a buy rating and issued a $60.00 price target on shares of Hexcel in a research note on Friday, September 1st. Stephens initiated coverage on Hexcel in a research note on Wednesday, December 6th. They issued an overweight rating and a $74.00 price target on the stock. Jefferies Group reissued a hold rating and issued a $50.00 price target on shares of Hexcel in a research note on Friday, September 29th. Canaccord Genuity reissued a hold rating and issued a $54.00 price target on shares of Hexcel in a research note on Friday, September 29th. Finally, Zacks Investment Research raised Hexcel from a sell rating to a hold rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $62.20.
In other Hexcel news, insider Timothy Swords sold 13,493 shares of Hexcel stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total value of $813,223.11. Following the sale, the insider now owns 20,202 shares of the company’s stock, valued at approximately $1,217,574.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kimberly A. Hendricks sold 2,608 shares of Hexcel stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the completion of the sale, the senior vice president now directly owns 22,221 shares in the company, valued at approximately $1,407,700.35. The disclosure for this sale can be found here. Insiders have sold a total of 26,797 shares of company stock worth $1,636,263 in the last ninety days. 2.10% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Hexcel stock. The Manufacturers Life Insurance Company raised its position in Hexcel Co. (NYSE:HXL) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,098 shares of the aerospace company’s stock after purchasing an additional 200 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Hexcel were worth $163,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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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.
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