What is B. Riley's Estimate for XPEL FY2024 Earnings?

XPEL, Inc. (NASDAQ:XPEL - Free Report) - Research analysts at B. Riley upped their FY2024 EPS estimates for shares of XPEL in a note issued to investors on Friday, November 8th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings of $1.73 per share for the year, up from their prior forecast of $1.65. B. Riley 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.

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

XPEL Stock Performance

Shares of NASDAQ:XPEL traded up $1.33 during midday trading on Monday, hitting $45.67. 220,408 shares of the stock were exchanged, compared to its average volume of 199,613. The business's 50-day moving average price is $42.18 and its 200 day moving average price is $39.72. XPEL has a 12 month low of $30.75 and a 12 month high of $60.49. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.10 and a beta of 1.85.

XPEL (NASDAQ:XPEL - Get Free Report) last announced 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 during 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share.

Hedge Funds Weigh In On XPEL

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in XPEL by 190.4% during the third quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $34,000 after purchasing an additional 514 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of XPEL during the 2nd quarter valued at $50,000. nVerses Capital LLC raised its stake in shares of XPEL by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company's stock worth $68,000 after purchasing an additional 1,800 shares during the period. Mendota Financial Group LLC grew its position in XPEL by 11.4% during the second quarter. Mendota Financial Group LLC now owns 3,606 shares of the company's stock valued at $128,000 after buying an additional 370 shares during the period. Finally, Creative Planning bought a new stake in XPEL in the third quarter worth about $208,000. 75.08% of the stock is currently owned by 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.