XPEL (NASDAQ:XPEL) Announces Earnings Results, Beats Estimates By $0.01 EPS

XPEL (NASDAQ:XPEL) posted its quarterly earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01, Briefing.com reports. XPEL had a net margin of 11.59% and a return on equity of 26.80%. The business had revenue of $112.85 million for the quarter, compared to analyst estimates of $114.59 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. XPEL updated its Q4 2024 guidance to EPS.

XPEL Trading Up 2.7 %

Shares of XPEL stock traded up $1.17 during mid-day trading on Friday, reaching $43.78. 122,553 shares of the stock traded hands, compared to its average volume of 198,980. The stock’s fifty day simple moving average is $42.17 and its two-hundred day simple moving average is $39.99. XPEL has a 1-year low of $30.75 and a 1-year high of $60.49. The company has a quick ratio of 1.62, a current ratio of 4.77 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 25.06 and a beta of 1.85.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XPEL. Craig Hallum raised XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. B. Riley upgraded shares of XPEL from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $58.00 in a research report on Friday, August 9th.

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.