Proto Labs (NYSE:PRLB) Announces Earnings Results

Proto Labs (NYSE:PRLBGet Free Report) released its quarterly earnings data on Friday. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05), RTT News reports. Proto Labs had a return on equity of 2.51% and a net margin of 3.42%. The company had revenue of $125.10 million for the quarter, compared to analyst estimates of $122.81 million. During the same period last year, the firm posted ($4.24) EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Proto Labs updated its Q1 guidance to $0.26-0.34 EPS and its Q1 2024 guidance to 0.260-0.340 EPS.

Proto Labs Price Performance

Proto Labs stock opened at $35.58 on Monday. Proto Labs has a 1-year low of $23.01 and a 1-year high of $41.87. The stock has a market cap of $917.61 million, a PE ratio of 53.10 and a beta of 1.34. The stock’s fifty day moving average is $37.36 and its two-hundred day moving average is $32.11.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd.

Check Out Our Latest Research Report on PRLB

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. UBS Group AG increased its position in shares of Proto Labs by 9.9% during the second quarter. UBS Group AG now owns 2,378 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 215 shares in the last quarter. State of Wyoming boosted its position in shares of Proto Labs by 40.0% in the 4th quarter. State of Wyoming now owns 1,505 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 430 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Proto Labs by 6.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 8,537 shares of the industrial products company’s stock worth $298,000 after buying an additional 482 shares during the last quarter. Graham Capital Management L.P. increased its position in Proto Labs by 8.6% during the first quarter. Graham Capital Management L.P. now owns 6,351 shares of the industrial products company’s stock worth $335,000 after buying an additional 501 shares during the period. Finally, Royal Bank of Canada lifted its stake in Proto Labs by 20.1% in the second quarter. Royal Bank of Canada now owns 3,575 shares of the industrial products company’s stock valued at $125,000 after buying an additional 599 shares during the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

About Proto Labs

(Get Free Report)

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.

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Earnings History for Proto Labs (NYSE:PRLB)

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