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

XPEL (NASDAQ:XPEL - Get Free Report) announced its earnings results on Thursday. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.01, Briefing.com reports. XPEL had a return on equity of 26.80% and a net margin of 11.59%. The firm had revenue of $112.85 million during the quarter, compared to analysts' expectations of $114.59 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company's quarterly revenue was up 9.9% on a year-over-year basis. XPEL updated its Q4 2024 guidance to EPS.

XPEL Stock Up 4.1 %

Shares of NASDAQ:XPEL traded up $1.73 during trading hours on Friday, hitting $44.34. The company's stock had a trading volume of 239,178 shares, compared to its average volume of 199,518. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62. The firm's fifty day moving average price is $42.18 and its 200 day moving average price is $39.94. XPEL has a 52 week low of $30.75 and a 52 week high of $60.49. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 26.08 and a beta of 1.85.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XPEL shares. B. Riley raised XPEL from a "neutral" rating to a "buy" rating and raised their price target for the stock from $37.00 to $58.00 in a research note on Friday, August 9th. Craig Hallum upgraded shares of XPEL from a "hold" rating to a "buy" rating in a report on Thursday, August 8th.

About XPEL

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.