Brokerages Anticipate Proto Labs Inc (PRLB) Will Post Quarterly Sales of $85.53 Million
Equities analysts expect Proto Labs Inc (NYSE:PRLB) to post $85.53 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Proto Labs’ earnings, with the highest sales estimate coming in at $85.99 million and the lowest estimate coming in at $85.30 million. Proto Labs posted sales of $78.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, October 26th.
On average, analysts expect that Proto Labs will report full year sales of $85.53 million for the current year, with estimates ranging from $333.89 million to $336.70 million. For the next financial year, analysts anticipate that the company will post sales of $369.60 million per share, with estimates ranging from $366.39 million to $374.31 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Proto Labs.
Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Proto Labs had a net margin of 14.73% and a return on equity of 12.07%. The business had revenue of $82.04 million during the quarter, compared to the consensus estimate of $80.49 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s revenue was up 9.4% on a year-over-year basis.
PRLB has been the subject of a number of research analyst reports. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $67.00 price objective on shares of Proto Labs in a research note on Friday, July 28th. Finally, Dougherty & Co upgraded shares of Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.00.
In other news, VP Robert Bodor sold 741 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $73.84, for a total value of $54,715.44. Following the sale, the vice president now owns 17,319 shares in the company, valued at $1,278,834.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.78% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in PRLB. Karp Capital Management Corp acquired a new stake in shares of Proto Labs in the first quarter worth $260,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Proto Labs in the first quarter worth $109,000. Prudential Financial Inc. increased its stake in shares of Proto Labs by 0.9% in the first quarter. Prudential Financial Inc. now owns 41,510 shares of the industrial products company’s stock worth $2,121,000 after acquiring an additional 350 shares during the period. SG Americas Securities LLC increased its stake in shares of Proto Labs by 27.1% in the first quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 603 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Proto Labs by 65.6% in the first quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 782 shares during the period.
Shares of Proto Labs (NYSE:PRLB) opened at 83.05 on Friday. The firm has a 50-day moving average of $77.28 and a 200-day moving average of $68.03. Proto Labs has a 52-week low of $43.10 and a 52-week high of $83.45. The company has a market cap of $2.21 billion, a P/E ratio of 48.28 and a beta of 0.99.
About Proto Labs
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Proto Labs Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.