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

Proto Labs (NYSE:PRLB) 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.

Analyst Ratings Changes

PRLB has been the topic of a number of research analyst reports. StockNews.com lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th. Craig Hallum increased their price target on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 target price on shares of Proto Labs in a report on Monday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a report 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.33.

Proto Labs Trading Down 10.9 %

Shares of NYSE:PRLB traded down $4.14 during trading on Monday, reaching $33.86. The stock had a trading volume of 782,344 shares, compared to its average volume of 193,234. The firm’s 50-day simple moving average is $28.99 and its 200 day simple moving average is $30.44. The company has a market capitalization of $851.51 million, a P/E ratio of 35.78 and a beta of 1.32. Proto Labs has a one year low of $25.75 and a one year high of $41.87.

Proto Labs (NYSE:PRLB) last announced its earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.15. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The company had revenue of $125.60 million for the quarter, compared to analysts’ expectations of $121.38 million. During the same quarter in the previous year, the company posted $0.31 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Equities research analysts forecast that Proto Labs will post 0.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert Bodor bought 3,480 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

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.