XL Fleet (XL) to Release Earnings on Tuesday

XL Fleet (NYSE:XL – Get Rating) is set to post its quarterly earnings results after the market closes on Tuesday, May 10th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

XL Fleet (NYSE:XL – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. XL Fleet had a negative return on equity of 13.89% and a net margin of 184.55%. The business had revenue of $8.03 million for the quarter.

Shares of XL stock opened at $1.47 on Tuesday. XL Fleet has a 52-week low of $1.38 and a 52-week high of $9.64. The firm has a market capitalization of $207.87 million, a P/E ratio of 8.17 and a beta of 0.95. The stock has a 50 day moving average price of $1.92 and a 200 day moving average price of $3.07.

A number of hedge funds and other institutional investors have recently modified their holdings of XL. Renaissance Technologies LLC bought a new stake in XL Fleet during the 4th quarter valued at $2,591,000. BlackRock Inc. raised its position in XL Fleet by 5.2% during the 4th quarter. BlackRock Inc. now owns 3,615,993 shares of the company’s stock valued at $11,969,000 after purchasing an additional 179,293 shares in the last quarter. Morgan Stanley raised its position in XL Fleet by 54.8% during the 2nd quarter. Morgan Stanley now owns 363,935 shares of the company’s stock valued at $3,032,000 after purchasing an additional 128,766 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of XL Fleet by 186.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 180,251 shares of the company’s stock worth $597,000 after acquiring an additional 117,285 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of XL Fleet by 344.1% in the 4th quarter. Virtu Financial LLC now owns 126,046 shares of the company’s stock worth $417,000 after acquiring an additional 97,666 shares in the last quarter. 28.22% of the stock is owned by institutional investors and hedge funds.

About XL Fleet (Get Rating)

XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles.

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