Hexcel (HXL) Updates FY18 Earnings Guidance
Hexcel (NYSE:HXL) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.96-$3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.03. The company issued revenue guidance of $2.10-$2.20 billion, compared to the consensus revenue estimate of $2.15 billion.
Shares of HXL stock traded down $0.25 on Monday, reaching $65.05. The stock had a trading volume of 225,329 shares, compared to its average volume of 514,956. The company has a market cap of $5,866.72, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.56 and a beta of 1.17. Hexcel has a 1 year low of $49.20 and a 1 year high of $69.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 1.31.
Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.70. The firm had revenue of $511.70 million for the quarter, compared to the consensus estimate of $506.70 million. Hexcel had a return on equity of 17.86% and a net margin of 14.39%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. analysts expect that Hexcel will post 3.02 earnings per share for the current year.
An institutional investor recently raised its position in Hexcel stock. The Manufacturers Life Insurance Company raised its holdings in shares of Hexcel (NYSE:HXL) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,098 shares of the aerospace company’s stock after acquiring an additional 200 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Hexcel were worth $163,000 as of its most recent SEC filing. 95.65% of the stock is owned by institutional investors.
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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company 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, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
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