Proto Labs (NYSE:PRLB) Issues Q4 2024 Earnings Guidance

Proto Labs (NYSE:PRLB) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.280-0.360 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Friday. Craig Hallum boosted their price target on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a research note 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

Proto Labs Stock Performance

NYSE:PRLB traded down $4.14 during mid-day trading on Monday, hitting $33.86. The company had a trading volume of 782,344 shares, compared to its average volume of 193,234. The firm has a market cap of $851.51 million, a P/E ratio of 35.78 and a beta of 1.32. Proto Labs has a fifty-two week low of $25.75 and a fifty-two week high of $41.87. The business’s fifty day moving average is $28.99 and its two-hundred day moving average is $30.44.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.15. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The firm had revenue of $125.60 million during the quarter, compared to analysts’ expectations of $121.38 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts forecast that Proto Labs will post 0.7 earnings per share for the current year.

Insider Activity at Proto Labs

In other Proto Labs news, CEO Robert Bodor bought 3,480 shares of Proto Labs stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $28.68 per share, for a total transaction of $99,806.40. Following the completion of the acquisition, the chief executive officer now owns 80,878 shares in the company, valued at approximately $2,319,581.04. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Proto Labs Company Profile

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.