Analysts expect Proto Labs, Inc. (NYSE:PRLB) to report $85.53 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Proto Labs’ earnings, with the lowest sales estimate coming in at $85.30 million and the highest estimate coming in at $85.99 million. Proto Labs reported sales of $78.17 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Proto Labs will report full year sales of $85.53 million for the current fiscal year, with estimates ranging from $333.89 million to $336.70 million. For the next fiscal year, analysts anticipate that the company will report sales of $369.60 million per share, with estimates ranging from $366.39 million to $374.31 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Proto Labs.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The company had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $80.49 million. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share.

Several research firms recently issued reports on PRLB. Piper Jaffray Companies restated a “hold” rating and set a $67.00 price target on shares of Proto Labs in a research report on Friday, July 28th. Zacks Investment Research lowered Proto Labs from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Dougherty & Co upgraded Proto Labs from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 27th. Finally, TheStreet upgraded Proto Labs from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Four research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $60.75.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/09/zacks-analysts-expect-proto-labs-inc-prlb-will-announce-quarterly-sales-of-85-53-million.html.

In other news, Director Rainer Gawlick sold 833 shares of Proto Labs stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $64.05, for a total value of $53,353.65. Following the sale, the director now directly owns 6,258 shares in the company, valued at approximately $400,824.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert Bodor sold 741 shares of Proto Labs stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $73.84, for a total value of $54,715.44. Following the completion of the sale, the vice president now owns 17,319 shares in the company, valued at $1,278,834.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,833 shares of company stock worth $342,782. Corporate insiders own 7.78% of the company’s stock.

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Proto Labs by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,690 shares of the industrial products company’s stock worth $137,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Proto Labs by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the industrial products company’s stock worth $506,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its position in Proto Labs by 0.7% in the second quarter. Texas Permanent School Fund now owns 17,797 shares of the industrial products company’s stock worth $1,197,000 after buying an additional 127 shares during the last quarter. Legal & General Group Plc boosted its position in Proto Labs by 0.4% in the first quarter. Legal & General Group Plc now owns 42,259 shares of the industrial products company’s stock worth $2,160,000 after buying an additional 166 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Proto Labs by 1.6% in the first quarter. Arizona State Retirement System now owns 12,700 shares of the industrial products company’s stock worth $649,000 after buying an additional 200 shares during the last quarter.

Shares of Proto Labs (PRLB) opened at 73.85 on Wednesday. Proto Labs has a 12-month low of $43.10 and a 12-month high of $75.25. The company has a market capitalization of $1.97 billion, a PE ratio of 42.94 and a beta of 0.93. The stock’s 50 day moving average price is $68.79 and its 200 day moving average price is $59.11.

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.