Proto Labs (PRLB) Set to Announce Earnings on Friday

Proto Labs (NYSE:PRLB - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Proto Labs has set its Q3 guidance at $0.29-0.37 EPS and its Q3 2024 guidance at 0.290-0.370 EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Proto Labs (NYSE:PRLB - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. Proto Labs had a return on equity of 3.60% and a net margin of 4.86%. The business had revenue of $125.60 million during the quarter, compared to the consensus estimate of $126.25 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business's revenue was up 2.7% on a year-over-year basis. On average, analysts expect Proto Labs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Proto Labs Trading Down 0.4 %

Shares of NYSE PRLB traded down $0.12 during trading on Friday, reaching $26.71. The company had a trading volume of 133,670 shares, compared to its average volume of 184,267. The stock has a market capitalization of $671.76 million, a PE ratio of 27.82 and a beta of 1.31. The stock has a 50-day moving average price of $29.04 and a two-hundred day moving average price of $30.56. Proto Labs has a twelve month low of $23.01 and a twelve month high of $41.87.

Analyst Ratings Changes

Several brokerages have commented on PRLB. Cantor Fitzgerald restated an "overweight" rating and set a $44.00 price target on shares of Proto Labs in a research note on Tuesday, July 30th. StockNews.com downgraded Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Monday, August 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Proto Labs in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.00.

Insider Activity

In other news, CEO Robert Bodor acquired 3,480 shares of the business's stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $28.68 per share, for a total transaction of $99,806.40. Following the acquisition, the chief executive officer now directly owns 80,878 shares of the company's stock, valued at $2,319,581.04. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company's stock.

About Proto Labs

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.