Hexcel (NYSE:HXL) Updates FY22 Earnings Guidance

Hexcel (NYSE:HXLGet Rating) updated its FY22 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.00-1.24 for the period, compared to the Thomson Reuters consensus estimate of $1.18. The company issued revenue guidance of $1.50-1.63 billion, compared to the consensus revenue estimate of $1.58 billion.Hexcel also updated its FY 2022 guidance to $1.000-$1.240 EPS.

Shares of Hexcel stock traded down $0.37 during trading on Monday, hitting $55.23. 910,201 shares of the company’s stock were exchanged, compared to its average volume of 683,703. The company has a quick ratio of 1.50, a current ratio of 2.49 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $56.32. Hexcel has a 52-week low of $46.77 and a 52-week high of $64.99. The company has a market cap of $4.64 billion, a PE ratio of 290.70 and a beta of 1.27.

Hexcel (NYSE:HXLGet Rating) last issued its earnings results on Monday, April 25th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Hexcel had a net margin of 1.22% and a return on equity of 1.55%. The firm had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $372.46 million. During the same quarter last year, the company posted ($0.10) earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. Sell-side analysts forecast that Hexcel will post 1.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Friday, May 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. Hexcel’s dividend payout ratio (DPR) is 210.54%.

HXL has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Hexcel in a research report on Thursday, February 17th. They set an underperform rating and a $50.00 price target on the stock. Morgan Stanley boosted their price target on shares of Hexcel from $55.00 to $57.00 and gave the stock an underweight rating in a research report on Friday, January 28th. Zacks Investment Research lowered shares of Hexcel from a hold rating to a sell rating and set a $57.00 price target on the stock. in a research report on Tuesday, January 4th. StockNews.com initiated coverage on shares of Hexcel in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, Truist Financial upgraded shares of Hexcel from a hold rating to a buy rating and boosted their price target for the stock from $54.00 to $68.00 in a research report on Friday, January 7th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $56.30.

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in Hexcel during the 3rd quarter worth $84,000. Virtu Financial LLC purchased a new position in shares of Hexcel in the 4th quarter valued at about $321,000. Glenmede Trust Co. NA increased its holdings in shares of Hexcel by 5.0% in the 4th quarter. Glenmede Trust Co. NA now owns 6,557 shares of the aerospace company’s stock valued at $338,000 after purchasing an additional 312 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Hexcel by 4.9% in the 4th quarter. MML Investors Services LLC now owns 12,228 shares of the aerospace company’s stock valued at $633,000 after purchasing an additional 572 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Hexcel in the 4th quarter valued at about $661,000.

About Hexcel (Get Rating)

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 through 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 automotive, marine, and trains.

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Earnings History and Estimates for Hexcel (NYSE:HXL)

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