Hexcel Co. (NYSE:HXL) Plans Quarterly Dividend of $0.17

Hexcel Co. (NYSE:HXL - Get Free Report) declared a quarterly dividend on Monday, April 21st, RTT News reports. Stockholders of record on Friday, May 2nd will be given a dividend of 0.17 per share by the aerospace company on Friday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, May 2nd.

Hexcel has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hexcel to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 24.5%.

Hexcel Stock Performance

NYSE:HXL traded up $0.10 during mid-day trading on Friday, hitting $50.27. 919,342 shares of the stock were exchanged, compared to its average volume of 960,375. The firm's 50-day simple moving average is $55.68 and its 200 day simple moving average is $60.69. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $73.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. During the same period in the prior year, the business posted $0.44 EPS. As a group, equities analysts anticipate that Hexcel will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday. Barclays reduced their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Royal Bank of Canada lowered their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday. Morgan Stanley cut their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. Finally, Truist Financial decreased their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hexcel currently has an average rating of "Hold" and an average target price of $61.20.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.