Wall Street analysts expect Proto Labs Inc (NYSE:PRLB) to announce earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Proto Labs’ earnings. The lowest EPS estimate is $0.67 and the highest is $0.70. Proto Labs reported earnings per share of $0.51 during the same quarter last year, which would suggest a positive year-over-year growth rate of 35.3%. The company is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Proto Labs will report full-year earnings of $2.86 per share for the current financial year, with EPS estimates ranging from $2.83 to $2.89. For the next financial year, analysts expect that the company will post earnings of $3.33 per share, with EPS estimates ranging from $3.22 to $3.39. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Proto Labs.
Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, February 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. Proto Labs had a net margin of 15.03% and a return on equity of 12.22%. The company had revenue of $94.18 million for the quarter, compared to the consensus estimate of $92.20 million. During the same period in the previous year, the business earned $0.41 EPS. The company’s revenue was up 30.2% on a year-over-year basis.
A number of brokerages recently issued reports on PRLB. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Saturday, January 13th. Piper Jaffray Companies reiterated a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price objective on shares of Proto Labs and gave the stock a “hold” rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Proto Labs currently has a consensus rating of “Hold” and a consensus target price of $85.00.
Shares of Proto Labs (NYSE PRLB) traded up $1.75 during trading hours on Friday, reaching $121.60. 8,873 shares of the company’s stock traded hands, compared to its average volume of 168,588. Proto Labs has a 52 week low of $48.00 and a 52 week high of $121.60. The firm has a market cap of $3,198.55, a P/E ratio of 61.61, a P/E/G ratio of 2.43 and a beta of 1.04.
In other Proto Labs news, VP Robert Bodor sold 1,891 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $106.00, for a total transaction of $200,446.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Goodman sold 2,715 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.79, for a total transaction of $289,934.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,106 shares of company stock valued at $541,756. Company insiders own 7.78% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC acquired a new position in Proto Labs in the second quarter worth about $861,000. Ark Investment Management LLC raised its holdings in shares of Proto Labs by 15.4% during the 2nd quarter. Ark Investment Management LLC now owns 207,577 shares of the industrial products company’s stock worth $13,960,000 after acquiring an additional 27,707 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Proto Labs by 8.6% during the 3rd quarter. Nationwide Fund Advisors now owns 224,999 shares of the industrial products company’s stock worth $18,067,000 after acquiring an additional 17,757 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Proto Labs during the 3rd quarter worth approximately $367,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Proto Labs by 15,548.3% during the 3rd quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock worth $29,190,000 after acquiring an additional 361,186 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.
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About Proto Labs
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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