Hexcel Corporation (HXL) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.57. The company posted revenue of $497.70 million in the period, compared to analysts expectations of $501.76 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on Hexcel Corporation. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 51 from a previous price target of $56 .Shares were Reiterated by Canaccord Genuity on Jan 25, 2016 to “Hold” and Lowered the Price Target to $ 48 from a previous price target of $50 .Credit Suisse Resumed Hexcel Corporation on Jan 22, 2016 to “Neutral”, Price Target of the shares are set at $44.
Hexcel Corporation opened for trading at $45.54 and hit $45.83 on the upside on Monday, eventually ending the session at $45.79, with a gain of 0.31% or 0.14 points. The heightened volatility saw the trading volume jump to 4,06,512 shares. Company has a market cap of $4,272 M.
In a different news, on Mar 23, 2016, Robert George Hennemuth (SVP, Human Resources) sold 12,388 shares at $45.00 per share price. According to the SEC, on Mar 3, 2016, Michael J Macintyre (Treasurer) sold 1,000 shares at $42.01 per share price. On Aug 21, 2015, Wayne C Pensky (SVP, CFO) sold 33,924 shares at $53.59 per share price, according to the Form-4 filing with the securities and exchange commission.
Hexcel Corporation (Hexcel) is a composites company. The Company develops manufactures and markets lightweight structural materials including carbon fibers specialty reinforcements prepregs and other fiber-reinforced matrix materials honeycomb adhesives engineered honeycomb and composite structures 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 honeycomb molding compounds tooling materials polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.