Proto Labs (NYSE:PRLB) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Proto Labs (NYSE:PRLB) announced its quarterly earnings data on Friday. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.15, RTT News reports. The business had revenue of $125.60 million for the quarter, compared to the consensus estimate of $121.38 million. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. Proto Labs’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. 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

Shares of NYSE PRLB opened at $38.00 on Monday. The stock has a market cap of $955.70 million, a PE ratio of 39.58 and a beta of 1.32. The business has a fifty day moving average of $28.99 and a two-hundred day moving average of $30.44. Proto Labs has a 52-week low of $23.73 and a 52-week high of $41.87.

Insider Buying and Selling at Proto Labs

In related news, CEO Robert Bodor acquired 3,480 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $28.68 per share, with a total value of $99,806.40. Following the completion of the acquisition, the chief executive officer now owns 80,878 shares in the company, valued at $2,319,581.04. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

PRLB has been the topic of several research analyst reports. StockNews.com downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $44.00 price objective on shares of Proto Labs in a research note on Tuesday, July 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Proto Labs Company Profile

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.