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 guidance of 0.280-0.360 for the period, compared to the consensus earnings per share 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

Several analysts have recently weighed in on PRLB shares. StockNews.com cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th. Craig Hallum raised their target price on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a report on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a report on Monday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Proto Labs has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Proto Labs Stock Performance

Shares of PRLB traded down $4.14 during mid-day trading on Monday, hitting $33.86. 782,331 shares of the company’s stock were exchanged, compared to its average volume of 192,479. The stock’s 50-day moving average is $28.99 and its 200-day moving average is $30.44. Proto Labs has a fifty-two week low of $25.75 and a fifty-two week high of $41.87. The company has a market cap of $851.51 million, a price-to-earnings ratio of 35.78 and a beta of 1.32.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.32 by $0.15. The company had revenue of $125.60 million during the quarter, compared to analysts’ expectations of $121.38 million. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. As a group, equities research analysts anticipate that Proto Labs will post 0.7 EPS for the current year.

Insider Activity at Proto Labs

In related news, CEO Robert Bodor acquired 3,480 shares of Proto Labs stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $28.68 per share, for a total transaction of $99,806.40. Following the transaction, the chief executive officer now owns 80,878 shares of the company’s stock, valued at $2,319,581.04. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

About Proto Labs

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.