Wall Street brokerages expect that Proto Labs Inc (NYSE:PRLB) will report earnings per share of $0.56 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Proto Labs’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.55. Proto Labs posted earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.6%. The company is scheduled to report its next earnings report before the market opens on Thursday, February 8th.
On average, analysts expect that Proto Labs will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.11 to $2.13. For the next financial year, analysts anticipate that the business will report earnings of $2.57 per share, with EPS estimates ranging from $2.45 to $2.83. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Proto Labs.
A number of brokerages have weighed in on PRLB. Zacks Investment Research cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $84.00 price target on shares of Proto Labs in a research report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price target on Proto Labs and gave the stock a “hold” rating in a research report on Monday, November 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Proto Labs currently has a consensus rating of “Hold” and an average price target of $86.50.
In related news, VP John B. Tumelty sold 13,556 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total transaction of $1,248,100.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Bodor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $94.79, for a total value of $379,160.00. Following the transaction, the vice president now directly owns 20,578 shares of the company’s stock, valued at approximately $1,950,588.62. The disclosure for this sale can be found here. Insiders sold 19,556 shares of company stock valued at $1,814,101 in the last ninety days. Insiders own 7.78% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of PRLB. Janus Henderson Group PLC increased its stake in Proto Labs by 411.4% during the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after acquiring an additional 1,046,960 shares during the period. Victory Capital Management Inc. increased its stake in Proto Labs by 15,548.3% during the third quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock valued at $29,190,000 after acquiring an additional 361,186 shares during the period. Lord Abbett & CO. LLC bought a new position in Proto Labs during the second quarter valued at about $21,351,000. Gs Investments Inc. bought a new position in Proto Labs during the second quarter valued at about $6,158,000. Finally, Conestoga Capital Advisors LLC increased its stake in Proto Labs by 16.1% during the fourth quarter. Conestoga Capital Advisors LLC now owns 588,419 shares of the industrial products company’s stock valued at $60,607,000 after acquiring an additional 81,745 shares during the period.
Shares of Proto Labs (PRLB) opened at $107.00 on Friday. Proto Labs has a 12-month low of $48.00 and a 12-month high of $113.05. The firm has a market capitalization of $2,819.13, a PE ratio of 60.46, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08.
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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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