Proto Labs (PRLB) to Release Earnings on Friday

Proto Labs (NYSE:PRLB - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Friday, May 2nd. Analysts expect Proto Labs to post earnings of $0.28 per share and revenue of $123.71 million for the quarter.

Proto Labs Stock Up 3.6 %

Shares of NYSE PRLB opened at $35.02 on Friday. Proto Labs has a fifty-two week low of $25.76 and a fifty-two week high of $46.73. The stock has a market cap of $832.46 million, a P/E ratio of 53.88 and a beta of 1.52. The firm's 50-day simple moving average is $36.35 and its 200 day simple moving average is $37.50.

Proto Labs announced that its Board of Directors has authorized a share buyback plan on Friday, February 7th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Cantor Fitzgerald upped their price target on Proto Labs from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, February 10th. StockNews.com lowered Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Proto Labs in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.

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.

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