Financial Results and Share Repurchase Program
XPEL (NASDAQ:XPEL) announced its latest quarterly financial results, exceeding analyst estimates by $0.07 per share with earnings of $0.59, alongside a revenue of $124.71 million. The company revealed a new $50 million share repurchase program, reflecting management's confidence in its undervalued stock.
Key Financial Metrics
The firm’s return on equity stood at 21.17%, with a net profit margin of 10.84%. Compared to the same period last year, earnings per share increased from $0.54, and revenue grew by 13.5% year-over-year, surpassing the $118.37 million forecast.
Market Response and Stock Performance
Market response saw XPEL’s shares dip $1.34 to close at $33.58 amid a trading volume of 242,994 shares. Over the past year, stock prices ranged from a low of $24.25 to a high of $47.59, with current moving averages around the $35 mark. The company boasts a market capitalization of approximately $929 million and a P/E ratio near 19.08.
Analyst Upgrades and Institutional Confidence
Analysts have recently upgraded XPEL from 'hold' to 'buy,' citing positive growth prospects. Notably, inves...