Proto Labs (PRLB) to Release Earnings on Friday

Proto Labs (NYSE:PRLB) is scheduled to release its earnings data before the market opens on Friday, November 1st. Analysts expect Proto Labs to post earnings of $0.33 per share for the quarter. Proto Labs has set its Q3 guidance at $0.29-0.37 EPS and its Q3 2024 guidance at 0.290-0.370 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $125.60 million during the quarter, compared to analyst estimates of $126.25 million. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) EPS. On average, analysts expect Proto Labs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Proto Labs Price Performance

PRLB opened at $26.83 on Friday. The company has a fifty day moving average price of $29.10 and a 200-day moving average price of $30.61. The firm has a market capitalization of $674.77 million, a P/E ratio of 27.95 and a beta of 1.31. Proto Labs has a one year low of $23.01 and a one year high of $41.87.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PRLB shares. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 price target on shares of Proto Labs in a research report on Tuesday, July 30th. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research report on Monday, August 5th. Finally, StockNews.com lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Proto Labs has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Buying and Selling

In related news, CEO Robert Bodor bought 3,480 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $28.68 per share, for a total transaction of $99,806.40. Following the completion of the transaction, the chief executive officer now owns 80,878 shares of the company’s stock, valued at approximately $2,319,581.04. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.