Hexcel Corp
HXL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$44.00 | Hkzspy | Lgwmvnsp |
Hexcel Continues To Produce Operating Leverage With Increased Aircraft Production in Q2
Narrow-moat-rated Hexcel, a supplier of advanced composite materials, posted improved sales and margins as the firm re-ramps production to meet rebounding new plane demand. Second-quarter sales of $393 million and adjusted earnings per share of $0.33 beat FactSet expectations by 1.0% and 10.0%, respectively. We are increasing our fair value estimate for Hexcel to $57 per share from $56 due to the time value of money.