XPEL, Inc. (NASDAQ:XPEL – Get Rating) – Stock analysts at B. Riley dropped their Q3 2022 earnings per share estimates for XPEL in a research note issued on Wednesday, May 11th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.44 per share for the quarter, down from their prior estimate of $0.47. B. Riley also issued estimates for XPEL’s Q4 2022 earnings at $0.47 EPS, FY2022 earnings at $1.53 EPS and FY2023 earnings at $2.22 EPS.
XPEL (NASDAQ:XPEL – Get Rating) last issued its earnings results on Monday, February 28th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $70.13 million during the quarter, compared to analyst estimates of $68.93 million. XPEL had a net margin of 11.65% and a return on equity of 41.71%. During the same quarter in the previous year, the firm posted $0.22 earnings per share.
Shares of XPEL opened at $46.33 on Friday. The firm has a 50 day simple moving average of $50.55 and a two-hundred day simple moving average of $61.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 0.75. XPEL has a one year low of $39.80 and a one year high of $103.84. The company has a market cap of $1.28 billion, a P/E ratio of 39.60 and a beta of 2.03.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in XPEL by 118.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 601 shares of the company’s stock worth $32,000 after buying an additional 326 shares during the period. Macquarie Group Ltd. raised its position in shares of XPEL by 199.5% during the third quarter. Macquarie Group Ltd. now owns 647 shares of the company’s stock worth $49,000 after acquiring an additional 431 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of XPEL in the fourth quarter worth approximately $68,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in XPEL by 192.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,240 shares of the company’s stock valued at $153,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in XPEL during the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 45.13% of the company’s stock.
In other XPEL news, Director Richard K. Crumly sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $58.08, for a total transaction of $1,103,520.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard K. Crumly sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $65.77, for a total transaction of $1,183,860.00. The disclosure for this sale can be found here. Insiders have sold 183,000 shares of company stock valued at $10,370,030 over the last quarter. Company insiders own 22.60% of the company’s stock.
About XPEL (Get Rating)
XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection films, headlight protection, and automotive and architectural window films, as well as proprietary software. It also provides merchandise and apparel; ceramic coatings; and tools and accessories, which includes squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.
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