Hexcel Co. (HXL) Updates FY12 Earnings Guidance
Hexcel Co. (HXL) updated its FY12 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.54-1.59 for the period.
A number of research firms have also recently commented on HXL. Analysts at Imperial Capital initiated coverage on shares of Hexcel in a research note to investors on Tuesday, September 4th. They set an outperform rating and a $30.00 price target on the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of Hexcel in a research note to investors on Tuesday, August 21st.
Hexcel Co. (HXL) traded up 0.78% on Monday, hitting $26.00. Hexcel Co. (HXL) has a 52-week low of $22.09 and a 52-week high of $28.01. The company has a market cap of $2.593 billion and a price-to-earnings ratio of 16.32.
Hexcel last posted its quarterly earnings results on Monday, October 22nd. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.03. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Hexcel Co. (HXL) will post $1.55 earnings per share for the current fiscal year.
Hexcel Corporation (Hexcel) is an advanced composites company. The Company develops, manufactures, and markets lightweight composites, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, for use in Commercial Aerospace, Space and Defense and Industrial Applications.
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