Analysts Anticipate Proto Labs Inc (NYSE:PRLB) to Post $0.74 EPS

Brokerages expect that Proto Labs Inc (NYSE:PRLB) will report $0.74 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Proto Labs’ earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.76. Proto Labs reported earnings per share of $0.86 during the same quarter last year, which would indicate a negative year-over-year growth rate of 14%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Proto Labs will report full-year earnings of $2.86 per share for the current year, with EPS estimates ranging from $2.81 to $2.93. For the next fiscal year, analysts forecast that the company will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Proto Labs.

Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, July 25th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Proto Labs had a return on equity of 13.14% and a net margin of 15.71%. The business had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $116.49 million. During the same period in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year.

PRLB has been the topic of several recent analyst reports. ValuEngine lowered Proto Labs from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, August 1st. Finally, Piper Jaffray Companies dropped their target price on Proto Labs from $92.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Proto Labs has a consensus rating of “Buy” and an average price target of $126.25.

Shares of NYSE PRLB opened at $93.33 on Friday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.21 and a beta of 1.57. The company has a quick ratio of 4.08, a current ratio of 4.26 and a debt-to-equity ratio of 0.02. Proto Labs has a 52-week low of $92.32 and a 52-week high of $166.60. The business’s 50 day moving average is $104.98 and its two-hundred day moving average is $107.51.

Several institutional investors and hedge funds have recently modified their holdings of the company. Stonebridge Capital Advisors LLC acquired a new position in shares of Proto Labs in the 2nd quarter valued at $30,000. NumerixS Investment Technologies Inc acquired a new position in shares of Proto Labs in the 2nd quarter valued at $35,000. Parallel Advisors LLC acquired a new position in shares of Proto Labs in the 1st quarter valued at $34,000. Brand Asset Management Group Inc. acquired a new position in shares of Proto Labs during the 1st quarter valued at $45,000. Finally, Icon Wealth Partners LLC acquired a new position in shares of Proto Labs during the 1st quarter valued at $57,000. 93.47% of the stock is owned by institutional investors and hedge funds.

About Proto Labs

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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