Proto Labs (NYSE:PRLB) Releases Q4 2024 Earnings Guidance

Proto Labs (NYSE:PRLB - Get Free Report) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.280-0.360 for the period, compared to the consensus estimate of 0.290. The company issued revenue guidance of $115.0 million-$123.0 million, compared to the consensus revenue estimate of $120.0 million. Proto Labs also updated its Q4 guidance to $0.15-0.18 EPS.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $44.00 price objective on shares of Proto Labs in a research report on Tuesday, July 30th. Needham & Company LLC reiterated a "hold" rating on shares of Proto Labs in a research report on Friday. Finally, StockNews.com cut Proto Labs from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Proto Labs Price Performance

Proto Labs stock traded up $10.63 during trading on Friday, reaching $38.03. 1,562,616 shares of the company were exchanged, compared to its average volume of 190,442. The stock's 50 day simple moving average is $28.84 and its two-hundred day simple moving average is $30.41. The company has a market capitalization of $956.45 million, a P/E ratio of 39.58 and a beta of 1.31. Proto Labs has a 52-week low of $23.73 and a 52-week high of $41.87.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.32 by $0.15. 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 for the quarter, compared to analyst estimates of $121.38 million. During the same quarter in the previous year, the firm earned $0.31 EPS. The company's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Proto Labs will post 0.7 earnings per share for the current year.

Insider Activity at Proto Labs

In other Proto Labs news, CEO Robert Bodor purchased 3,480 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $28.68 per share, for a total transaction of $99,806.40. Following the acquisition, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

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.