Proto Labs (PRLB) Earning Somewhat Favorable Press Coverage, Analysis Finds
News articles about Proto Labs (NYSE:PRLB) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Proto Labs earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.2327346559295 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Svenska Handelsbanken AB (publ) Buys Magnit PJSC, IPG Photonics Corp, Albemarle Corp, Sells … (nasdaq.com)
- Why This 3D Printing Stock Jumped Nearly 9% in October — After Rising 12% in September (finance.yahoo.com)
- Why This 3D Printing Stock Jumped Nearly 9% in October – After Rising 12% in September (fool.com)
- Zacks: Analysts Expect Proto Labs, Inc. (PRLB) Will Post Quarterly Sales of $87.62 Million (americanbankingnews.com)
Several analysts have issued reports on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $67.00 price target on shares of Proto Labs in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.33.
Proto Labs (NYSE:PRLB) traded up $2.20 during trading hours on Thursday, hitting $85.65. 80,466 shares of the company’s stock traded hands, compared to its average volume of 195,422. Proto Labs has a 12-month low of $48.00 and a 12-month high of $89.95. The firm has a market capitalization of $2,280.00, a P/E ratio of 48.03, a P/E/G ratio of 2.11 and a beta of 1.03.
Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The firm had revenue of $88.10 million for the quarter, compared to the consensus estimate of $85.68 million. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. analysts anticipate that Proto Labs will post 1.9 earnings per share for the current year.
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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.
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