B. Riley Research Analysts Lift Earnings Estimates for XPEL

XPEL, Inc. (NASDAQ:XPEL) – Investment analysts at B. Riley lifted their FY2024 earnings per share estimates for XPEL in a research report issued to clients and investors on Friday, November 8th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $1.73 per share for the year, up from their previous forecast of $1.65. B. Riley currently has a “Buy” rating and a $58.00 price objective 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 data on Thursday, November 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business 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 company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share.

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

XPEL Trading Down 1.6 %

Shares of XPEL stock opened at $44.93 on Monday. XPEL has a 12 month low of $30.75 and a 12 month high of $60.49. The stock has a market capitalization of $1.24 billion, a P/E ratio of 26.10 and a beta of 1.85. The firm’s 50 day moving average is $42.22 and its 200 day moving average is $39.67.

Institutional Investors Weigh In On XPEL

A number of institutional investors and hedge funds have recently modified their holdings of XPEL. Janney Montgomery Scott LLC lifted its stake in XPEL by 61.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,994 shares of the company’s stock worth $1,134,000 after purchasing an additional 7,990 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in XPEL by 10.7% during the first quarter. Illinois Municipal Retirement Fund now owns 13,102 shares of the company’s stock valued at $708,000 after buying an additional 1,269 shares during the period. Sei Investments Co. grew its position in XPEL by 10.0% during the first quarter. Sei Investments Co. now owns 136,096 shares of the company’s stock worth $7,352,000 after buying an additional 12,325 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of XPEL by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock valued at $245,000 after acquiring an additional 313 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock valued at $80,918,000 after acquiring an additional 22,180 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

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.