Proto Labs (NYSE:PRLB) announced its earnings results on Thursday. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.06), MarketWatch Earnings reports. The business had revenue of $112.80 million for the quarter, compared to analyst estimates of $115.40 million. Proto Labs had a return on equity of 14.73% and a net margin of 17.19%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS.
NYSE:PRLB opened at $103.49 on Friday. Proto Labs has a 1-year low of $94.20 and a 1-year high of $166.60. The company has a market capitalization of $2.75 billion, a PE ratio of 36.83, a PEG ratio of 1.06 and a beta of 1.63.
PRLB has been the subject of a number of analyst reports. Northcoast Research initiated coverage on shares of Proto Labs in a research report on Wednesday, December 12th. They issued a “buy” rating and a $145.00 price objective for the company. Berenberg Bank initiated coverage on shares of Proto Labs in a research report on Wednesday, November 14th. They issued a “buy” rating and a $159.00 price objective for the company. ValuEngine lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research report on Friday. Piper Jaffray Companies cut their price objective on shares of Proto Labs to $98.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $134.00.
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Proto Labs Company Profile
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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