Proto Labs (NYSE:PRLB - Get Free Report) released its quarterly earnings data on Friday. The industrial products company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.15, RTT News reports. Proto Labs had a return on equity of 3.60% and a net margin of 4.86%. The firm had revenue of $125.60 million for the quarter, compared to analysts' expectations of $121.38 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm's quarterly revenue was down 3.9% on a year-over-year basis. Proto Labs updated its Q4 guidance to $0.15-0.18 EPS and its Q4 2024 guidance to 0.280-0.360 EPS.
Proto Labs Stock Performance
PRLB traded up $10.63 during trading on Friday, reaching $38.03. The company's stock had a trading volume of 1,562,616 shares, compared to its average volume of 190,442. The company's fifty day moving average price is $28.84 and its 200-day moving average price is $30.41. Proto Labs has a 52-week low of $23.73 and a 52-week high of $41.87. The company has a market capitalization of $956.45 million, a price-to-earnings ratio of 39.58 and a beta of 1.31.
Insider Activity
In related news, CEO Robert Bodor purchased 3,480 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $28.68 per share, with a total value of $99,806.40. Following the purchase, the chief executive officer now directly owns 80,878 shares in the company, valued at $2,319,581.04. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on PRLB. Needham & Company LLC reissued a "hold" rating on shares of Proto Labs in a report on Friday. Cantor Fitzgerald reissued an "overweight" rating and set a $44.00 target price on shares of Proto Labs in a research report on Tuesday, July 30th. Finally, StockNews.com downgraded Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Check Out Our Latest Analysis on Proto Labs
About Proto Labs
(
Get Free Report)
Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.
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