$0.56 EPS Expected for Proto Labs, Inc. (PRLB) This Quarter

Brokerages expect Proto Labs, Inc. (NYSE:PRLB) to announce earnings of $0.56 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Proto Labs’ earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.57. Proto Labs reported earnings of $0.41 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Proto Labs will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.10 to $2.13. For the next fiscal year, analysts expect that the firm will post earnings of $2.51 per share, with EPS estimates ranging from $2.45 to $2.56. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Proto Labs.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The firm had revenue of $88.10 million during the quarter, compared to analyst estimates of $85.68 million. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue was up 12.7% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Friday, November 3rd. BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the stock a “hold” rating in a research report on Monday, November 27th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $84.00 target price on shares of Proto Labs in a research report on Thursday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Proto Labs currently has an average rating of “Hold” and an average target price of $79.25.

Proto Labs (NYSE PRLB) traded up $1.40 during trading on Friday, reaching $100.35. 355,240 shares of the company were exchanged, compared to its average volume of 155,374. Proto Labs has a 1 year low of $48.00 and a 1 year high of $101.00. The firm has a market cap of $2,636.60, a price-to-earnings ratio of 56.54, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06.

In other Proto Labs news, VP John B. Tumelty sold 13,556 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total value of $1,248,100.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Bodor sold 4,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $94.79, for a total transaction of $379,160.00. Following the completion of the sale, the vice president now owns 20,578 shares of the company’s stock, valued at approximately $1,950,588.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,056 shares of company stock valued at $1,762,726. Insiders own 7.78% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Proto Labs by 25.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock valued at $1,110,000 after purchasing an additional 3,337 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Proto Labs by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock valued at $146,339,000 after purchasing an additional 56,724 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Proto Labs by 411.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after purchasing an additional 1,046,960 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Proto Labs during the 3rd quarter valued at $915,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Proto Labs by 15,548.3% during the 3rd quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock valued at $29,190,000 after purchasing an additional 361,186 shares in the last quarter.

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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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