Equities research analysts expect Proto Labs Inc (NYSE:PRLB) to announce $115.10 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Proto Labs’ earnings. Proto Labs reported sales of $94.18 million during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The company is scheduled to announce its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Proto Labs will report full year sales of $447.91 million for the current financial year, with estimates ranging from $447.90 million to $447.92 million. For the next fiscal year, analysts anticipate that the business will report sales of $503.86 million, with estimates ranging from $496.21 million to $511.50 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Proto Labs.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.21. The business had revenue of $115.43 million during the quarter, compared to the consensus estimate of $112.53 million. Proto Labs had a net margin of 16.76% and a return on equity of 14.31%.

Several equities analysts have recently commented on PRLB shares. Zacks Investment Research downgraded shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Berenberg Bank started coverage on shares of Proto Labs in a research note on Wednesday. They set a “buy” rating and a $159.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $117.25.

In other news, CFO John Way sold 3,912 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $145.79, for a total transaction of $570,330.48. Following the completion of the transaction, the chief financial officer now directly owns 29,415 shares of the company’s stock, valued at $4,288,412.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert Bodor sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the vice president now directly owns 22,755 shares of the company’s stock, valued at $3,299,475. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,934 shares of company stock valued at $3,663,441. Insiders own 0.64% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new position in Proto Labs in the third quarter worth about $109,000. Harvest Fund Management Co. Ltd bought a new position in Proto Labs in the third quarter worth about $161,000. Nwam LLC bought a new position in Proto Labs in the second quarter worth about $201,000. Meeder Asset Management Inc. raised its stake in Proto Labs by 342.6% in the second quarter. Meeder Asset Management Inc. now owns 1,735 shares of the industrial products company’s stock worth $206,000 after buying an additional 1,343 shares in the last quarter. Finally, Cue Financial Group Inc. bought a new position in Proto Labs in the third quarter worth about $227,000. 94.08% of the stock is owned by institutional investors.

Proto Labs stock opened at $126.02 on Friday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 65.30, a price-to-earnings-growth ratio of 2.06 and a beta of 1.46. Proto Labs has a twelve month low of $82.93 and a twelve month high of $166.60.

About Proto Labs

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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