Hexcel Corporation (HXL) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. HXL said it had a profit of $0.65 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.61. The company posted revenue of $500.50 million in the period, compared to analysts expectations of $494.02 million. HXL’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Hexcel Corporation. Hexcel Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016.
Hexcel Corporation opened for trading at $42.43 and hit $42.73 on the upside on Friday, eventually ending the session at $42.2, with a gain of 0.14% or 0.06 points. The heightened volatility saw the trading volume jump to 4,38,248 shares. Company has a market cap of $3,903 M.
In a different news, on Sep 12, 2016, Robert George Hennemuth (SVP, Human Resources) sold 2,495 shares at $45.00 per share price. According to the SEC, on Aug 22, 2016, Thierry Merlot (President, Aerospace – EMEA/AP) sold 8,600 shares at $45.01 per share price. On Aug 8, 2016, David Charles Hill (director) sold 1,188 shares at $44.47 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.