Hexcel Corporation Forecasted to Post Q3 2017 Earnings of $0.67 Per Share (HXL)

Hexcel Corporation (NYSE:HXL) – Equities research analysts at Jefferies Group lowered their Q3 2017 earnings per share estimates for Hexcel Corporation in a report released on Tuesday. Jefferies Group analyst H. Rubel now anticipates that the aerospace company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.68. Jefferies Group currently has a “Hold” rating and a $50.00 price target on the stock. Jefferies Group also issued estimates for Hexcel Corporation’s Q4 2017 earnings at $0.71 EPS.

Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The business had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis.

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Several other research firms have also recently weighed in on HXL. Zacks Investment Research cut Hexcel Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen and Company reiterated a “buy” rating and set a $57.00 price objective on shares of Hexcel Corporation in a research report on Wednesday, April 19th. Vertical Research cut Hexcel Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $58.00 to $54.00 in a research report on Wednesday. Aegis reiterated a “buy” rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. Finally, BidaskClub upgraded Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $56.89.

Shares of Hexcel Corporation (HXL) opened at 51.88 on Thursday. The firm has a market cap of $4.71 billion, a P/E ratio of 18.79 and a beta of 1.04. Hexcel Corporation has a 1-year low of $41.03 and a 1-year high of $55.91. The firm’s 50-day moving average is $52.81 and its 200-day moving average is $52.38.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, August 3rd will be given a $0.125 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. Hexcel Corporation’s dividend payout ratio (DPR) is presently 16.12%.

Several hedge funds and other institutional investors have recently modified their holdings of HXL. Vanguard Group Inc. boosted its position in shares of Hexcel Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock worth $382,143,000 after buying an additional 257,243 shares during the last quarter. BlackRock Inc. boosted its position in shares of Hexcel Corporation by 12,782.1% in the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock worth $255,874,000 after buying an additional 4,654,206 shares during the last quarter. Broad Run Investment Management LLC boosted its position in shares of Hexcel Corporation by 3.4% in the first quarter. Broad Run Investment Management LLC now owns 2,951,469 shares of the aerospace company’s stock worth $161,003,000 after buying an additional 96,115 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Hexcel Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 1,802,923 shares of the aerospace company’s stock worth $98,349,000 after buying an additional 155,762 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock worth $97,546,000 after buying an additional 509,076 shares during the last quarter.

About Hexcel Corporation

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 Corporation (NYSE:HXL)

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