Proto Labs (PRLB) Posts Quarterly Results
Proto Labs (NASDAQ:PRLB) released its earnings data on Thursday. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.01, American Banking and Market News reports. The company had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.70 million. During the same quarter last year, the company posted $0.29 earnings per share. Proto Labs’s revenue was up 29.2% compared to the same quarter last year.
Proto Labs (NASDAQ:PRLB) traded down 0.88% during mid-day trading on Tuesday, hitting $85.82. 124,655 shares of the company’s stock traded hands. Proto Labs has a one year low of $31.02 and a one year high of $88.63. The stock’s 50-day moving average is $79.82 and its 200-day moving average is $66.35. The company has a market cap of $2.178 billion and a P/E ratio of 66.60.
Several analysts have recently commented on the stock. Analysts at Needham & Company raised their price target on shares of Proto Labs from $68.00 to $90.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Proto Labs from $65.00 to $85.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Proto Labs from $72.00 to $92.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $77.20.
In other Proto Labs news, Director John B. Goodman unloaded 2,000 shares of Proto Labs stock on the open market in a transaction dated Friday, November 1st. The stock was sold at an average price of $83.88, for a total transaction of $167,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Proto Labs, Inc manufactures computer numerical control machined and plastic injection molded parts. The Company offers plastic injection molded parts, rapid tooling, plastic injection molding, rapid injection molding, rapid prototyping and prototype.
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