Hexcel (NYSE:HXL – Get Free Report) announced its quarterly earnings data on Monday. The aerospace company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44, Briefing.com reports. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The business had revenue of $472.30 million during the quarter, compared to the consensus estimate of $468.93 million. During the same period in the prior year, the company earned $0.50 EPS. Hexcel’s revenue for the quarter was up 3.2% on a year-over-year basis. Hexcel updated its FY24 guidance to $2.10-$2.30 EPS.
Hexcel Trading Up 1.3 %
NYSE HXL opened at $62.53 on Tuesday. The business has a 50 day simple moving average of $71.17 and a 200 day simple moving average of $69.55. Hexcel has a one year low of $58.81 and a one year high of $79.08. The stock has a market capitalization of $5.20 billion, a P/E ratio of 50.43, a P/E/G ratio of 1.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68.
Hexcel Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. Hexcel’s dividend payout ratio is currently 48.39%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Hexcel
Insider Buying and Selling
In related news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares of the company’s stock, valued at $243,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the sale, the insider now owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by insiders.
About Hexcel
Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.
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