XPEL (NASDAQ:XPEL) Hits New 52-Week Low After Earnings Miss

XPEL, Inc. (NASDAQ:XPEL)’s stock price reached a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $35.64 and last traded at $37.43, with a volume of 337460 shares. The stock had previously closed at $53.79.

The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $94.08 million. XPEL had a return on equity of 29.11% and a net margin of 11.99%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XPEL shares. Craig Hallum reissued a “hold” rating and set a $40.00 price objective (down previously from $60.00) on shares of XPEL in a research report on Friday. B. Riley reissued a “neutral” rating and set a $37.00 price target (down from $74.00) on shares of XPEL in a research report on Friday.

Institutional Trading of XPEL

Institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank lifted its stake in XPEL by 2.8% during the 3rd quarter. Amalgamated Bank now owns 9,613 shares of the company’s stock valued at $741,000 after acquiring an additional 259 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of XPEL by 4.9% during the third quarter. Teacher Retirement System of Texas now owns 6,488 shares of the company’s stock valued at $500,000 after purchasing an additional 303 shares during the last quarter. SG Americas Securities LLC lifted its position in XPEL by 6.2% during the fourth quarter. SG Americas Securities LLC now owns 7,421 shares of the company’s stock valued at $400,000 after purchasing an additional 436 shares during the period. Arizona State Retirement System boosted its holdings in XPEL by 8.1% in the third quarter. Arizona State Retirement System now owns 6,291 shares of the company’s stock worth $485,000 after purchasing an additional 473 shares during the last quarter. Finally, NBC Securities Inc. grew its position in XPEL by 11.2% in the 4th quarter. NBC Securities Inc. now owns 5,574 shares of the company’s stock worth $300,000 after purchasing an additional 562 shares during the period. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Performance

The company has a market cap of $886.09 million, a PE ratio of 18.54 and a beta of 1.84. The company has a quick ratio of 1.10, a current ratio of 4.81 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $53.19 and its 200-day moving average is $51.98.

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.