Proto Labs (PRLB) to Release Quarterly Earnings on Friday

Proto Labs (NYSE:PRLB) is projected to issue its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $120.12 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.15. Proto Labs had a net margin of 4.76% and a return on equity of 3.49%. The company had revenue of $125.60 million for the quarter, compared to the consensus estimate of $121.38 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue was down 3.9% compared to the same quarter last year. 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 Stock Performance

Shares of PRLB stock opened at $41.93 on Friday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 44.61 and a beta of 1.45. The firm has a fifty day moving average of $40.50 and a 200-day moving average of $34.37. Proto Labs has a 52-week low of $25.75 and a 52-week high of $45.15.

Analyst Upgrades and Downgrades

PRLB has been the subject of a number of analyst reports. Craig Hallum lifted their target price on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a report on Monday, November 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.33.

Proto Labs Company Profile

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.