Hexcel (NYSE:HXL) Updates FY22 Earnings Guidance

Hexcel (NYSE:HXLGet Rating) issued an update on its FY22 earnings guidance on Monday morning. 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.

NYSE:HXL traded down $0.37 during trading hours on Monday, reaching $55.23. 910,201 shares of the company’s stock were exchanged, compared to its average volume of 683,703. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.49 and a quick ratio of 1.50. The stock has a market cap of $4.64 billion, a P/E ratio of 290.70 and a beta of 1.27. Hexcel has a 12 month low of $46.77 and a 12 month high of $64.99. The stock has a 50-day moving average price of $56.32.

Hexcel (NYSE:HXLGet Rating) last issued its quarterly earnings results on Monday, April 25th. The aerospace company reported $0.22 EPS for the quarter, beating 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 business had revenue of $390.60 million during the quarter, compared to the consensus estimate of $372.46 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. On average, 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. Shareholders of record on Friday, May 13th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. Hexcel’s payout ratio is 210.54%.

A number of research firms have issued reports on HXL. StockNews.com began coverage on shares of Hexcel in a research report on Thursday, March 31st. They issued a hold rating for the company. Wolfe Research began coverage on shares of Hexcel in a research note on Thursday, February 17th. They set an underperform rating and a $50.00 price target on the stock. Morgan Stanley increased their price target on shares of Hexcel from $55.00 to $57.00 and gave the stock an underweight rating in a research note on Friday, January 28th. UBS Group upgraded shares of Hexcel from a sell rating to a neutral rating and set a $52.00 price target on the stock in a research note on Friday, January 28th. Finally, Truist Financial upgraded shares of Hexcel from a hold rating to a buy rating and raised their target price for the company from $54.00 to $68.00 in a research note on Friday, January 7th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $56.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of HXL. BlackRock Inc. lifted its holdings in shares of Hexcel by 2.5% during the 4th quarter. BlackRock Inc. now owns 7,944,920 shares of the aerospace company’s stock worth $411,549,000 after acquiring an additional 195,492 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Hexcel by 10.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 492,567 shares of the aerospace company’s stock worth $25,515,000 after acquiring an additional 47,271 shares during the period. Virtu Financial LLC bought a new position in shares of Hexcel during the 4th quarter worth about $321,000. Allianz Asset Management GmbH bought a new position in shares of Hexcel during the 4th quarter worth about $9,616,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Hexcel by 1.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 459,027 shares of the aerospace company’s stock worth $23,778,000 after acquiring an additional 7,090 shares during the period.

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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