XPEL (NASDAQ:XPEL) Sets New 1-Year Low After Earnings Miss

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

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

Analyst Ratings Changes

Several research firms have weighed in on XPEL. B. Riley restated a “neutral” rating and set a $37.00 target price (down from $74.00) on shares of XPEL in a report on Friday. 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.

Hedge Funds Weigh In On XPEL

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in shares of XPEL in the 3rd quarter valued at approximately $215,000. Dakota Wealth Management bought a new stake in shares of XPEL in the 3rd quarter valued at approximately $218,000. WINTON GROUP Ltd bought a new stake in shares of XPEL in the 3rd quarter valued at approximately $222,000. Mendota Financial Group LLC bought a new stake in shares of XPEL in the 1st quarter valued at approximately $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in XPEL by 28.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,493 shares of the company’s stock worth $269,000 after acquiring an additional 771 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

XPEL Stock Performance

The firm has a market capitalization of $886.09 million, a P/E ratio of 18.54 and a beta of 1.84. The stock has a 50-day moving average of $53.19 and a 200 day moving average of $51.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 4.81.

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.