Proto Labs (PRLB) to Release Earnings on Friday

Proto Labs (NYSE:PRLB) will be releasing 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The company had revenue of $125.60 million for the quarter, compared to analyst estimates of $126.25 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 2.7% 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 Up 0.2 %

NYSE PRLB opened at $27.49 on Wednesday. The company’s 50 day moving average is $28.95 and its 200-day moving average is $30.45. Proto Labs has a 12-month low of $23.03 and a 12-month high of $41.87. The firm has a market cap of $691.37 million, a P/E ratio of 28.64 and a beta of 1.31.

Insider Buying and Selling

In other news, CEO Robert Bodor bought 3,480 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $28.68 per share, with a total value of $99,806.40. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Proto Labs in a research report on Monday, August 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $44.00 price target on shares of Proto Labs in a research report on Tuesday, July 30th. Finally, StockNews.com lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

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.