Proto Labs, Inc. (PRLB) Expected to Post Earnings of $0.55 Per Share
Analysts predict that Proto Labs, Inc. (NYSE:PRLB) will report $0.55 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Proto Labs’ earnings. The lowest EPS estimate is $0.54 and the highest is $0.55. Proto Labs reported earnings of $0.41 per share in the same quarter last year, which suggests a positive year over year growth rate of 34.1%. The firm is expected to issue its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Proto Labs will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.10 to $2.12. For the next fiscal year, analysts expect that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.30 to $2.56. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Proto Labs.
Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to analyst estimates of $85.68 million. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS.
PRLB has been the topic of several research reports. Craig Hallum set a $92.00 price objective on shares of Proto Labs and gave the company a “hold” rating in a research note on Monday. BidaskClub lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Proto Labs has a consensus rating of “Hold” and a consensus target price of $75.00.
Proto Labs (PRLB) traded down $1.70 during trading on Tuesday, reaching $94.50. 143,480 shares of the company’s stock traded hands, compared to its average volume of 193,027. The firm has a market cap of $2,542.01, a price-to-earnings ratio of 54.51, a PEG ratio of 2.39 and a beta of 1.03. Proto Labs has a 1 year low of $48.00 and a 1 year high of $96.95.
In other Proto Labs news, Director Rainer Gawlick sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total value of $135,465.00. Following the completion of the sale, the director now directly owns 6,925 shares of the company’s stock, valued at $625,396.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John B. Tumelty sold 13,556 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total transaction of $1,248,100.92. The disclosure for this sale can be found here. Insiders own 7.78% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Proto Labs by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock worth $146,339,000 after acquiring an additional 56,724 shares in the last quarter. Janus Henderson Group PLC grew its position in Proto Labs by 411.4% in the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock worth $87,521,000 after acquiring an additional 1,046,960 shares in the last quarter. New York State Common Retirement Fund grew its position in Proto Labs by 2.1% in the third quarter. New York State Common Retirement Fund now owns 651,475 shares of the industrial products company’s stock worth $52,313,000 after acquiring an additional 13,206 shares in the last quarter. State Street Corp grew its position in Proto Labs by 5.2% in the second quarter. State Street Corp now owns 595,748 shares of the industrial products company’s stock worth $40,063,000 after acquiring an additional 29,561 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Proto Labs by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 532,813 shares of the industrial products company’s stock worth $42,784,000 after buying an additional 34,615 shares during the period.
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Proto Labs Company Profile
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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