Hexcel Co. (HXL) to Issue Quarterly Dividend of $0.17 on May 9th

Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Monday, April 21st, RTT News reports. Shareholders of record on Friday, May 2nd will be paid a dividend of 0.17 per share by the aerospace company on Friday, May 9th. This represents a $0.68 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 2nd.

Hexcel has a dividend payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 4.3 %

Shares of NYSE:HXL opened at $48.32 on Wednesday. Hexcel has a 12 month low of $45.28 and a 12 month high of $73.58. The firm has a market cap of $3.88 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $56.66 and its two-hundred day moving average price is $60.90.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Morgan Stanley decreased 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. Truist Financial reduced their price objective on shares of Hexcel from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company cut Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday, April 15th. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.40.

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.