XPEL, Inc. (NASDAQ:XPEL) to Post FY2023 Earnings of $2.04 Per Share, B. Riley Forecasts

XPEL, Inc. (NASDAQ:XPEL – Get Rating) – Equities researchers at B. Riley increased their FY2023 earnings per share (EPS) estimates for XPEL in a research report issued on Wednesday, May 10th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $2.04 for the year, up from their prior forecast of $2.03. The consensus estimate for XPEL’s current full-year earnings is $2.03 per share.

Separately, EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $104.00 price target on shares of XPEL in a report on Wednesday, March 1st.

XPEL Price Performance

XPEL stock opened at $75.25 on Friday. The stock’s 50 day moving average price is $68.68 and its 200 day moving average price is $68.52. The firm has a market cap of $2.08 billion, a P/E ratio of 46.45 and a beta of 1.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 3.90. XPEL has a 1 year low of $42.99 and a 1 year high of $87.01.

XPEL (NASDAQ:XPEL – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). The business had revenue of $78.48 million for the quarter, compared to analyst estimates of $83.06 million. XPEL had a return on equity of 38.05% and a net margin of 12.77%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new stake in XPEL in the third quarter valued at approximately $28,000. PNC Financial Services Group Inc. grew its stake in shares of XPEL by 118.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 601 shares of the company’s stock valued at $32,000 after buying an additional 326 shares during the period. Strs Ohio acquired a new stake in shares of XPEL during the 3rd quarter worth $45,000. Russell Investments Group Ltd. purchased a new position in shares of XPEL in the 1st quarter worth $45,000. Finally, Armstrong Advisory Group Inc. boosted its holdings in XPEL by 75.0% in the first quarter. Armstrong Advisory Group Inc. now owns 700 shares of the company’s stock valued at $48,000 after acquiring an additional 300 shares during the last quarter. 59.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at XPEL

In other XPEL news, Director Richard K. Crumly sold 10,000 shares of XPEL stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $70.76, for a total value of $707,600.00. Following the completion of the sale, the director now directly owns 603,768 shares of the company’s stock, valued at approximately $42,722,623.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 130,000 shares of company stock valued at $9,457,000. Company insiders own 22.60% of the company’s stock.

XPEL Company Profile

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XPEL, Inc engages in the manufacture and distribution of automotive products. It offers paint protection, aumototive, and flat glass window films, and plotters. The company was founded on October 14, 2003 and is headquartered in San Antonio, TX.