Grand News Network | October 24, 2023

How To Earn $500 A Month From Hexcel Stock After Q3 Earnings Report

Hexcel Corporation (NYSE: HXL) on Monday reported weaker-than-expected third-quarter financial results.

Hexcel posted quarterly earnings of 38 cents per share, missing market estimates of 43 cents per share. The company’s quarterly sales came in at $419.50 million versus expectations of $427.28 million.

Hexcel reaffirmed FY23 earnings of $1.80 to $1.94 per share. The company sees FY23 revenue of $1.765 billion to $1.835 billion.

With the buzz around Hexcel following upbeat earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Hexcel offers an annual dividend yield of 0.73%, which is a quarterly dividend amount of $0.1250 per share ($0.475 a year).

So, how can investors exploit its dividend ...

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