Equities research analysts expect Proto Labs, Inc. (NYSE:PRLB) to post earnings of $0.56 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Proto Labs’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.54. Proto Labs reported earnings per share of $0.41 in the same quarter last year, which suggests a positive year over year growth rate of 36.6%. The company is scheduled to report its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Proto Labs will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.13. For the next year, analysts anticipate that the company will report earnings of $2.51 per share, with EPS estimates ranging from $2.45 to $2.56. Zacks’ EPS averages are an average based on a survey of research analysts that follow Proto Labs.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.04. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The business had revenue of $88.10 million for the quarter, compared to analyst estimates of $85.68 million. During the same period last year, the company earned $0.51 EPS. Proto Labs’s revenue for the quarter was up 12.7% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on PRLB shares. Piper Jaffray Companies reiterated a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a research report on Thursday, December 14th. Craig Hallum set a $92.00 price objective on Proto Labs and gave the stock a “hold” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Friday, November 3rd. Finally, BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $79.25.

Proto Labs (NYSE PRLB) traded up $5.45 on Friday, reaching $105.80. The company had a trading volume of 260,200 shares, compared to its average volume of 193,859. Proto Labs has a fifty-two week low of $48.00 and a fifty-two week high of $105.90. The company has a market cap of $2,673.91, a price-to-earnings ratio of 57.34, a price-to-earnings-growth ratio of 2.53 and a beta of 1.06.

In other news, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total value of $135,465.00. Following the completion of the transaction, the director now owns 6,925 shares in the company, valued at approximately $625,396.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total value of $1,248,100.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,056 shares of company stock worth $1,762,726. Corporate insiders own 7.78% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Proto Labs by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,323 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 349 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Proto Labs during the third quarter valued at $238,000. Hanseatic Management Services Inc. purchased a new position in Proto Labs during the third quarter valued at $243,000. Pinebridge Investments L.P. raised its stake in Proto Labs by 0.9% during the second quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock valued at $216,000 after buying an additional 29 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Proto Labs by 3.6% during the second quarter. Advisor Group Inc. now owns 3,409 shares of the industrial products company’s stock valued at $230,000 after buying an additional 119 shares during the last quarter.

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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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