Zacks: Analysts Anticipate Proto Labs Inc (PRLB) Will Post Earnings of $0.71 Per Share

Equities analysts expect Proto Labs Inc (NYSE:PRLB) to post earnings of $0.71 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Proto Labs’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.70. Proto Labs also reported earnings per share of $0.71 during the same quarter last year. The business is expected to report its next earnings results on Thursday, April 25th.

On average, analysts expect that Proto Labs will report full-year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.25. For the next year, analysts forecast that the business will post earnings of $3.73 per share, with EPS estimates ranging from $3.64 to $3.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Proto Labs.

Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, February 7th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.06). Proto Labs had a net margin of 17.19% and a return on equity of 14.73%. The firm had revenue of $112.80 million during the quarter, compared to analyst estimates of $115.40 million. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year.

A number of research firms have weighed in on PRLB. Zacks Investment Research cut Proto Labs from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Jaffray Companies decreased their price objective on Proto Labs to $98.00 and set a “neutral” rating for the company in a research report on Thursday, February 7th. ValuEngine cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Berenberg Bank began coverage on Proto Labs in a research report on Wednesday, November 14th. They set a “buy” rating and a $159.00 price objective for the company. Finally, Northcoast Research began coverage on Proto Labs in a research report on Wednesday, December 12th. They set a “buy” rating and a $145.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Proto Labs currently has an average rating of “Hold” and a consensus price target of $134.00.

Proto Labs stock traded up $1.04 during mid-day trading on Thursday, reaching $109.51. 211,144 shares of the company were exchanged, compared to its average volume of 197,185. Proto Labs has a twelve month low of $94.20 and a twelve month high of $166.60. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 1.08 and a beta of 1.63.

Several hedge funds have recently modified their holdings of PRLB. BlackRock Inc. raised its stake in shares of Proto Labs by 9.6% during the 3rd quarter. BlackRock Inc. now owns 3,924,345 shares of the industrial products company’s stock worth $634,763,000 after buying an additional 343,541 shares in the last quarter. Matarin Capital Management LLC purchased a new position in shares of Proto Labs during the 3rd quarter worth approximately $29,186,000. Vanguard Group Inc. raised its stake in shares of Proto Labs by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,625,466 shares of the industrial products company’s stock worth $424,668,000 after buying an additional 100,343 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Proto Labs by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 2,625,466 shares of the industrial products company’s stock worth $424,668,000 after buying an additional 100,343 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Proto Labs by 14.0% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 690,326 shares of the industrial products company’s stock worth $111,660,000 after buying an additional 84,695 shares in the last quarter. 97.68% of the stock is owned by institutional investors and hedge funds.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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