Equities Analysts Set Expectations for XPEL FY2024 Earnings

XPEL, Inc. (NASDAQ:XPEL) – B. Riley lifted their FY2024 EPS estimates for XPEL in a note issued to investors on Friday, November 8th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $1.73 for the year, up from their prior forecast of $1.65. B. Riley currently has a “Buy” rating and a $58.00 target price on the stock. The consensus estimate for XPEL’s current full-year earnings is $1.73 per share. B. Riley also issued estimates for XPEL’s FY2025 earnings at $2.04 EPS and FY2026 earnings at $2.41 EPS.

XPEL (NASDAQ:XPEL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS.

Separately, Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

XPEL Stock Performance

NASDAQ:XPEL opened at $44.34 on Monday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 25.34 and a beta of 1.85. XPEL has a one year low of $30.75 and a one year high of $60.49. The business’s 50-day simple moving average is $42.18 and its 200 day simple moving average is $39.84.

Hedge Funds Weigh In On XPEL

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in XPEL by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock valued at $80,918,000 after buying an additional 22,180 shares during the last quarter. Capital World Investors lifted its stake in XPEL by 14.7% during the first quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after purchasing an additional 133,182 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in XPEL by 46.3% during the second quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after purchasing an additional 162,000 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in XPEL by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 348,947 shares of the company’s stock worth $15,134,000 after purchasing an additional 10,910 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in XPEL by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock valued at $6,028,000 after purchasing an additional 14,872 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Company Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.