Hexcel Corporation (NYSE:HXL) to Issue $0.17 Quarterly Dividend

Key Points

• Hexcel Corporation has announced a quarterly dividend of $0.17 per share, which will be paid on November 10th to shareholders of record on November 3rd.
• The company missed earnings expectations with an EPS of $0.37 for the quarter, falling short of the consensus estimate of $0.38, while quarterly revenue was reported at $456.20 million.
• Analysts have shown optimism for Hexcel, with several upgrades and a consensus price target of $66.63 despite the stock being rated as 'hold' on average.

Hexcel Corporation (NYSE:HXL - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Monday, November 3rd will be paid a dividend of 0.17 per share by the aerospace company on Monday, November 10th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 3rd.

Hexcel has a payout ratio of 27.0% 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 Down 0.5%

Shares of NYSE HXL opened at $63.80 on Thursday. The firm's 50-day moving average price is $62.97 and its 200-day moving average price is $57.91. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 59.07, a P/E/G ratio of 2.02 and a beta of 1.33. Hexcel has a 12-month low of $45.28 and a 12-month high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business had revenue of $456.20 million for the quarter, compared to analysts' expectations of $449.99 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, equities research analysts anticipate that Hexcel will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of recent research reports. UBS Group upgraded shares of Hexcel from a "neutral" rating to a "buy" rating and increased their price objective for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Zacks Research upgraded shares of Hexcel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Truist Financial raised their price target on shares of Hexcel from $67.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, October 15th. BMO Capital Markets raised their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hexcel in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $66.63.

About Hexcel

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.

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