Hexcel Co. (HXL) Plans $0.15 Quarterly Dividend

Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Monday, October 22nd, RTT News reports. Stockholders of record on Friday, November 2nd will be given a dividend of 0.15 per share by the aerospace company on Friday, November 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, November 1st.

Hexcel has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hexcel to earn $3.46 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.3%.

NYSE HXL opened at $58.35 on Wednesday. The firm has a market cap of $5.03 billion, a PE ratio of 19.47, a PEG ratio of 2.23 and a beta of 1.14. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.72. Hexcel has a 1-year low of $56.46 and a 1-year high of $73.42.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 22nd. The aerospace company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $540.50 million for the quarter, compared to analysts’ expectations of $545.88 million. Hexcel had a return on equity of 18.08% and a net margin of 13.95%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. As a group, analysts forecast that Hexcel will post 3.03 EPS for the current fiscal year.

A number of equities analysts recently commented on HXL shares. ValuEngine cut Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, September 1st. Stephens set a $80.00 target price on Hexcel and gave the stock a “buy” rating in a report on Wednesday, July 25th. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 target price on shares of Hexcel in a report on Monday, July 23rd. UBS Group started coverage on Hexcel in a report on Wednesday, August 15th. They issued a “sell” rating and a $65.00 target price on the stock. Finally, Zacks Investment Research cut Hexcel from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $72.75.

About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.

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Dividend History for Hexcel (NYSE:HXL)

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