Equities research analysts expect that Hexcel Co. (NYSE:HXL – Get Rating) will post sales of $387.99 million for the current quarter, Zacks reports. Four analysts have provided estimates for Hexcel’s earnings, with the highest sales estimate coming in at $403.40 million and the lowest estimate coming in at $373.54 million. Hexcel reported sales of $320.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Hexcel will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.53 billion to $1.63 billion. For the next fiscal year, analysts expect that the company will report sales of $1.78 billion, with estimates ranging from $1.73 billion to $1.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hexcel.
Hexcel (NYSE:HXL – Get Rating) last issued its earnings results on Monday, April 25th. The aerospace company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. Hexcel had a net margin of 3.41% and a return on equity of 3.36%. The business had revenue of $390.60 million for the quarter, compared to the consensus estimate of $372.46 million. During the same period in the prior year, the firm earned ($0.10) EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year.
Shares of Hexcel stock opened at $55.63 on Wednesday. Hexcel has a one year low of $46.77 and a one year high of $64.99. The company has a market capitalization of $4.68 billion, a P/E ratio of 97.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.77 and a quick ratio of 1.69. The business has a 50-day moving average price of $56.36.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, May 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 5th. Hexcel’s dividend payout ratio is presently 70.18%.
Several hedge funds have recently added to or reduced their stakes in HXL. Alliancebernstein L.P. raised its holdings in shares of Hexcel by 23.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,778,628 shares of the aerospace company’s stock worth $299,333,000 after purchasing an additional 1,111,217 shares during the last quarter. Norges Bank acquired a new position in shares of Hexcel in the 4th quarter valued at about $34,624,000. JPMorgan Chase & Co. grew its holdings in Hexcel by 43.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,048,743 shares of the aerospace company’s stock worth $106,124,000 after acquiring an additional 622,263 shares during the period. Millennium Management LLC purchased a new position in Hexcel during the fourth quarter valued at approximately $32,083,000. Finally, Victory Capital Management Inc. lifted its holdings in Hexcel by 25.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,679,053 shares of the aerospace company’s stock valued at $86,975,000 after acquiring an additional 337,683 shares during the period. 97.57% of the stock is currently owned by institutional investors and hedge funds.
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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