How To Earn $500 A Month From Hexcel Stock After Q3 Earnings Report
Portfolio Pulse from Lisa Levin
Hexcel Corporation reported weaker-than-expected Q3 results, with earnings of 38 cents per share and sales of $419.50 million, both below market estimates. The company reaffirmed FY23 earnings of $1.80 to $1.94 per share and revenue of $1.765 billion to $1.835 billion. Hexcel offers an annual dividend yield of 0.73%, which is a quarterly dividend amount of $0.1250 per share. To earn $500 per month from dividends, an investment of approximately $819,817 or around 12,632 shares is needed.
October 24, 2023 | 12:36 pm
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Hexcel's weaker-than-expected Q3 results may negatively impact its stock price in the short term. However, the reaffirmed FY23 outlook and the potential for dividend income may provide some support.
Hexcel's Q3 earnings miss could lead to a short-term decline in its stock price as it indicates weaker-than-expected performance. However, the reaffirmed FY23 outlook suggests that the company is confident about its future performance, which could provide some support to the stock. Additionally, the company's dividend yield could attract income-focused investors, potentially providing further support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100