Brokerages Expect Proto Labs, Inc. (PRLB) Will Announce Quarterly Sales of $91.75 Million

Wall Street brokerages expect Proto Labs, Inc. (NYSE:PRLB) to report sales of $91.75 million for the current quarter, Zacks reports. Two analysts have made estimates for Proto Labs’ earnings, with estimates ranging from $91.60 million to $91.89 million. Proto Labs reported sales of $72.35 million during the same quarter last year, which indicates a positive year over year growth rate of 26.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Proto Labs will report full year sales of $91.75 million for the current year, with estimates ranging from $338.00 million to $342.20 million. For the next year, analysts anticipate that the business will report sales of $438.39 million per share, with estimates ranging from $438.27 million to $438.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Proto Labs.

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

Several analysts have weighed in on PRLB shares. Zacks Investment Research cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the company a “hold” rating in a report on Monday, November 27th. BidaskClub lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $84.00 target price on shares of Proto Labs in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $84.00.

In related news, VP Robert Bodor sold 4,000 shares of Proto Labs stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $94.79, for a total transaction of $379,160.00. Following the sale, the vice president now directly owns 20,578 shares of the company’s stock, valued at approximately $1,950,588.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rainer Gawlick sold 1,500 shares of Proto Labs stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total transaction of $135,465.00. Following the sale, the director now directly owns 6,925 shares in the company, valued at $625,396.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,056 shares of company stock worth $1,762,726. Insiders own 7.78% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in shares of Proto Labs by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,323 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 349 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Proto Labs by 0.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 29 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Proto Labs by 3.6% during the 2nd quarter. Advisor Group Inc. now owns 3,409 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 119 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Proto Labs during the 2nd quarter valued at approximately $230,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Proto Labs during the 3rd quarter worth approximately $238,000.

Shares of Proto Labs (NYSE PRLB) traded up $0.40 during trading on Thursday, reaching $104.25. 128,500 shares of the company’s stock traded hands, compared to its average volume of 134,150. Proto Labs has a twelve month low of $48.00 and a twelve month high of $109.10. The firm has a market cap of $2,767.17, a PE ratio of 59.57, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07.

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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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