Proto Labs (PRLB) to Release Earnings on Friday

Proto Labs (NYSE:PRLB) is expected to be posting its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Proto Labs to post earnings of $0.32 per share and revenue of $120.12 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Proto Labs (NYSE:PRLB) last released its earnings results 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. The company had revenue of $125.60 million during the quarter, compared to analyst estimates of $121.38 million. Proto Labs had a net margin of 4.76% and a return on equity of 3.49%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 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 Stock Up 1.5 %

Shares of PRLB stock opened at $41.93 on Friday. The company’s fifty day simple moving average is $40.50 and its two-hundred day simple moving average is $34.37. Proto Labs has a 52 week low of $25.75 and a 52 week high of $45.15. The stock has a market cap of $1.03 billion, a P/E ratio of 44.61 and a beta of 1.45.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a research report on Thursday, January 16th. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of Proto Labs in a research note on Monday, November 4th. Finally, Craig Hallum raised their price objective on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Two investment 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 company has an average rating of “Moderate Buy” and an average price target of $40.33.

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.