Hexcel Corporation (NYSE:HXL) Declares Quarterly Dividend of $0.18

Hexcel Corporation (NYSE:HXL) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be given a dividend of $0.18 per share by the aerospace company on Monday, November 9th. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 2nd.

Hexcel has increased its dividend by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Hexcel has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hexcel to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 21.1%.

Hexcel Stock Performance

Shares of HXL traded down $10.97 on Thursday, reaching $78.87. 2,738,690 shares of the stock traded hands, compared to its average volume of 1,099,524. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 39.74, a P/E/G ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. Hexcel has a 12 month low of $63.21 and a 12 month high of $111.74. The stock’s 50-day moving average price is $90.55 and its 200-day moving average price is $93.37.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 21st. The aerospace company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $496.40 million during the quarter, compared to analysts’ expectations of $501.95 million. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. Equities analysts forecast that Hexcel will post 2.37 EPS for the current fiscal year.

About Hexcel

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.