Hexcel Co. (NYSE:HXL) Announces $0.17 Quarterly Dividend

Hexcel Co. (NYSE:HXL - Get Free Report) announced a quarterly dividend on Monday, April 21st, RTT News reports. Investors of record on Friday, May 2nd will be given a dividend of 0.17 per share by the aerospace company on Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, May 2nd.

Hexcel has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Hexcel stock traded down $0.47 during mid-day trading on Friday, reaching $49.70. 265,125 shares of the company traded hands, compared to its average volume of 962,159. The firm's fifty day moving average is $56.03 and its two-hundred day moving average is $60.75. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The firm had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities research analysts expect that Hexcel will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research note on Saturday, April 19th. Royal Bank of Canada decreased their price objective on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday. Truist Financial dropped their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday. TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Wells Fargo & Company cut their price objective on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hexcel currently has an average rating of "Hold" and a consensus target price of $61.20.

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.