Brokerages Anticipate Proto Labs Inc (PRLB) Will Post Earnings of $0.66 Per Share

Equities research analysts expect Proto Labs Inc (NYSE:PRLB) to announce earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Proto Labs’ earnings. The lowest EPS estimate is $0.58 and the highest is $0.70. Proto Labs posted earnings of $0.51 per share during the same quarter last year, which would indicate a positive year over year growth rate of 29.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Proto Labs will report full-year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.89. For the next year, analysts forecast that the business will report earnings of $3.33 per share, with EPS estimates ranging from $3.22 to $3.39. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Proto Labs.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $94.18 million for the quarter, compared to the consensus estimate of $92.20 million. Proto Labs had a net margin of 15.03% and a return on equity of 12.22%. Proto Labs’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS.

A number of research firms have recently weighed in on PRLB. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Thursday, February 15th. Piper Jaffray Companies restated a “hold” rating and set a $84.00 price target on shares of Proto Labs in a report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price target on shares of Proto Labs and gave the company a “hold” rating in a report on Monday, November 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $85.00.

Proto Labs (NYSE:PRLB) traded up $0.65 during trading on Wednesday, hitting $115.15. 178,415 shares of the stock were exchanged, compared to its average volume of 172,412. The company has a market cap of $3,050.00, a P/E ratio of 57.58, a P/E/G ratio of 2.37 and a beta of 1.08. Proto Labs has a fifty-two week low of $48.00 and a fifty-two week high of $116.80.

In related news, Director John B. Goodman sold 2,715 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.79, for a total value of $289,934.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Bodor sold 1,891 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $106.00, for a total transaction of $200,446.00. The disclosure for this sale can be found here. Insiders sold a total of 9,106 shares of company stock worth $920,916 over the last quarter. 7.78% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in Proto Labs by 73.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock valued at $132,000 after buying an additional 544 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Proto Labs by 52.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 471 shares during the last quarter. Shelton Capital Management acquired a new stake in Proto Labs in the 4th quarter worth $225,000. Cubist Systematic Strategies LLC acquired a new stake in Proto Labs in the 3rd quarter worth $238,000. Finally, LS Investment Advisors LLC grew its position in Proto Labs by 143.8% in the 4th quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 99.60% of the company’s stock.

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Proto Labs Company Profile

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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