Wall Street analysts expect that Proto Labs Inc (NYSE:PRLB) will announce earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Proto Labs’ earnings. The lowest EPS estimate is $0.22 and the highest is $0.54. Proto Labs posted earnings per share of $0.71 during the same quarter last year, which would indicate a negative year over year growth rate of 49.3%. The business is scheduled to report its next earnings results on Thursday, July 23rd.

According to Zacks, analysts expect that Proto Labs will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.57 to $2.24. For the next financial year, analysts expect that the firm will post earnings of $2.21 per share, with EPS estimates ranging from $2.06 to $2.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Proto Labs.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. The business had revenue of $115.10 million for the quarter, compared to the consensus estimate of $102.36 million. Proto Labs had a net margin of 13.49% and a return on equity of 10.82%. Proto Labs’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS.

A number of analysts recently issued reports on PRLB shares. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Thursday, May 7th. Craig Hallum lowered their target price on Proto Labs from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Berenberg Bank cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Thursday, April 9th. Finally, Benchmark initiated coverage on shares of Proto Labs in a research note on Thursday. They set a “buy” rating and a $145.00 price target for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.20.

Shares of NYSE:PRLB traded up $7.06 during mid-day trading on Friday, reaching $106.41. The stock had a trading volume of 315,347 shares, compared to its average volume of 274,811. The firm has a market cap of $2.64 billion, a PE ratio of 46.27, a price-to-earnings-growth ratio of 2.43 and a beta of 1.70. The firm has a 50 day simple moving average of $84.42 and a two-hundred day simple moving average of $93.34. The company has a current ratio of 4.49, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01. Proto Labs has a twelve month low of $63.19 and a twelve month high of $119.80.

In related news, VP Robert Bodor sold 9,681 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $106.30, for a total value of $1,029,090.30. Following the transaction, the vice president now owns 22,114 shares in the company, valued at $2,350,718.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in PRLB. Benjamin Edwards Inc. lifted its stake in Proto Labs by 76.6% in the first quarter. Benjamin Edwards Inc. now owns 325 shares of the industrial products company’s stock valued at $25,000 after buying an additional 141 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Proto Labs during the fourth quarter valued at approximately $27,000. Acadian Asset Management LLC bought a new stake in shares of Proto Labs during the fourth quarter valued at approximately $43,000. Asset Management One Co. Ltd. increased its holdings in shares of Proto Labs by 60.0% during the first quarter. Asset Management One Co. Ltd. now owns 800 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 300 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Proto Labs by 27.5% during the first quarter. Valeo Financial Advisors LLC now owns 928 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 99.20% of the company’s stock.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven 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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