XPEL, Inc. (NASDAQ:XPEL - Get Free Report) shares gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $29.22, but opened at $35.92. XPEL shares last traded at $35.09, with a volume of 110,413 shares changing hands.
The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.06. The business had revenue of $103.81 million for the quarter, compared to analyst estimates of $97.40 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. XPEL's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS.
XPEL declared that its board has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in XPEL. Eukles Asset Management acquired a new stake in shares of XPEL in the first quarter worth $35,000. Quantbot Technologies LP grew its position in XPEL by 46.0% in the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after purchasing an additional 682 shares during the last quarter. GAMMA Investing LLC grew its position in XPEL by 308.2% in the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock worth $98,000 after purchasing an additional 2,521 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of XPEL by 12.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock worth $159,000 after purchasing an additional 583 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of XPEL by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock valued at $189,000 after buying an additional 3,153 shares during the last quarter. 75.08% of the stock is owned by institutional investors.
XPEL Price Performance
The firm has a market cap of $1.02 billion, a P/E ratio of 20.98 and a beta of 1.83. The company's 50 day moving average is $29.51 and its two-hundred day moving average is $37.40.
About XPEL
(
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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.
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