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.

TRADEMARK VIOLATION NOTICE: “Proto Labs, Inc. (PRLB) Expected to Post Earnings of $0.55 Per Share” was first posted by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/12/01/proto-labs-inc-prlb-expected-to-post-earnings-of-0-55-per-share.html.

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.

Get a free copy of the Zacks research report on Proto Labs (PRLB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Proto Labs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs Inc. and related companies with MarketBeat.com's FREE daily email newsletter.