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

XPEL (NASDAQ:XPEL) announced its earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01, Briefing.com reports. XPEL had a net margin of 11.59% and a return on equity of 26.80%. The company 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 posted $0.56 earnings per share. XPEL’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 opened at $44.34 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.62 and a current ratio of 4.77. 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 PE ratio of 26.08 and a beta of 1.85. The company has a fifty day moving average of $42.18 and a 200-day moving average of $39.94.

Analyst Upgrades and Downgrades

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

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.