Hexcel Corporation (NYSE:HXL) Declares Quarterly Dividend of $0.17

Hexcel Corporation (NYSE:HXL) 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) dividend on an annualized basis and a dividend 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 Trading Down 0.5%

NYSE HXL opened at $63.80 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. The firm’s fifty day moving average price is $62.97 and its 200 day moving average price is $57.91. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 59.07, a price-to-earnings-growth 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) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $449.99 million. During the same period last year, the business earned $0.47 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, sell-side analysts expect that Hexcel will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $65.00 price target on shares of Hexcel in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. UBS Group upgraded shares of Hexcel from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $80.00 in a report on Tuesday, September 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Finally, Morgan Stanley raised their target price on shares of Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average price target of $66.63.

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.