Posted by admin on May 7th, 2022
Proto Labs (NYSE:PRLB – Get Rating) released its quarterly earnings data on Friday. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10, MarketWatch Earnings reports. The business had revenue of $124.20 million during the quarter, compared to analysts’ expectations of $122.03 million. Proto Labs had a net margin of 6.84% and a return on equity of 4.05%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS.
Shares of NYSE PRLB opened at $45.93 on Friday. The firm has a 50 day moving average price of $49.79 and a two-hundred day moving average price of $52.99. Proto Labs has a 52-week low of $41.73 and a 52-week high of $104.99. The stock has a market cap of $1.26 billion, a P/E ratio of 38.28 and a beta of 1.43.
Several brokerages have issued reports on PRLB. Zacks Investment Research upgraded shares of Proto Labs from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. StockNews.com began coverage on shares of Proto Labs in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Proto Labs has an average rating of “Hold” and an average price target of $74.50.
Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Proto Labs by 42.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 795 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 236 shares during the last quarter. Virtu Financial LLC bought a new position in Proto Labs during the fourth quarter worth $314,000. Schonfeld Strategic Advisors LLC bought a new position in Proto Labs during the fourth quarter worth $483,000. Toroso Investments LLC boosted its stake in Proto Labs by 101.3% during the fourth quarter. Toroso Investments LLC now owns 9,926 shares of the industrial products company’s stock worth $510,000 after acquiring an additional 4,996 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in Proto Labs by 7.4% during the fourth quarter. State of Tennessee Treasury Department now owns 14,464 shares of the industrial products company’s stock worth $743,000 after acquiring an additional 998 shares in the last quarter. 93.35% of the stock is currently owned by institutional investors.
About Proto Labs (Get Rating)
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven 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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