Hexcel (NYSE:HXL) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.38-3.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.46. The company issued revenue guidance of $2.375-2.475 billion, compared to the consensus revenue estimate of $2.39 billion.Hexcel also updated its FY 2019 guidance to $3.38-3.52 EPS.

HXL stock traded down $0.23 during midday trading on Wednesday, reaching $61.27. 840,121 shares of the company were exchanged, compared to its average volume of 450,715. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.58 and a quick ratio of 1.44. Hexcel has a one year low of $53.50 and a one year high of $73.42. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 23rd. The aerospace company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Hexcel had a net margin of 13.95% and a return on equity of 18.08%. The firm had revenue of $561.00 million during the quarter, compared to analysts’ expectations of $558.55 million. During the same period in the previous year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts anticipate that Hexcel will post 3.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 12th. Shareholders of record on Tuesday, February 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. Hexcel’s dividend payout ratio (DPR) is 22.39%.

A number of equities analysts have commented on HXL shares. ValuEngine cut shares of Hexcel from a buy rating to a hold rating in a research report on Thursday, October 11th. Zacks Investment Research cut shares of Hexcel from a buy rating to a hold rating in a research report on Tuesday, October 16th. Cowen reaffirmed a buy rating and set a $75.00 price objective on shares of Hexcel in a research report on Monday, October 22nd. Vertical Research raised shares of Hexcel from a hold rating to a buy rating and set a $72.00 target price for the company in a research report on Tuesday, October 23rd. Finally, Credit Suisse Group reduced their target price on shares of Hexcel from $70.00 to $63.00 and set a neutral rating for the company in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Hexcel currently has an average rating of Hold and an average target price of $72.00.

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Hexcel Company Profile

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.

Further Reading: Debt-To-Equity Ratio

Earnings History and Estimates for Hexcel (NYSE:HXL)

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