Proto Labs, Inc. (PRLB) Expected to Post Earnings of $0.46 Per Share
Analysts predict that Proto Labs, Inc. (NYSE:PRLB) will post earnings per share of $0.46 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Proto Labs’ earnings. Proto Labs posted earnings per share of $0.45 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Proto Labs will report full year earnings of $1.86 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $2.16 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Proto Labs.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The company had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.49 million. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS.
PRLB has been the topic of several research reports. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, May 3rd. Dougherty & Co raised their price target on shares of Proto Labs from $42.50 to $45.00 and gave the stock a “sell” rating in a research note on Friday, April 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 price target on shares of Proto Labs in a research note on Friday, July 28th. Finally, TheStreet raised shares of Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Four analysts have rated the stock with a hold rating, Proto Labs presently has a consensus rating of “Hold” and a consensus target price of $60.75.
In other Proto Labs news, Director Rainer Gawlick sold 833 shares of Proto Labs stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $64.05, for a total transaction of $53,353.65. Following the transaction, the director now directly owns 6,258 shares of the company’s stock, valued at $400,824.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Bodor sold 741 shares of Proto Labs stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $73.84, for a total transaction of $54,715.44. Following the transaction, the vice president now directly owns 17,319 shares in the company, valued at $1,278,834.96. The disclosure for this sale can be found here. Insiders have sold 4,833 shares of company stock worth $342,782 over the last ninety days. 7.78% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Proto Labs by 146,773.4% in the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock worth $148,453,000 after buying an additional 2,903,177 shares during the period. Handelsbanken Fonder AB increased its position in shares of Proto Labs by 676.7% in the second quarter. Handelsbanken Fonder AB now owns 466,036 shares of the industrial products company’s stock worth $31,341,000 after buying an additional 406,036 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Proto Labs during the first quarter worth approximately $8,416,000. Bank of New York Mellon Corp increased its position in shares of Proto Labs by 44.2% in the second quarter. Bank of New York Mellon Corp now owns 498,198 shares of the industrial products company’s stock worth $33,504,000 after buying an additional 152,637 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Proto Labs during the second quarter worth approximately $9,415,000.
Shares of Proto Labs (NYSE PRLB) traded up 0.27% during trading on Monday, reaching $74.20. 6,781 shares of the company traded hands. The firm has a 50 day moving average of $68.79 and a 200 day moving average of $59.11. Proto Labs has a 52 week low of $43.10 and a 52 week high of $75.25. The stock has a market capitalization of $1.97 billion, a PE ratio of 43.14 and a beta of 0.93.
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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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