Posted by admin on Jul 29th, 2022
Proto Labs (NYSE:PRLB – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Friday, August 5th. Analysts expect Proto Labs to post earnings of $0.38 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Proto Labs (NYSE:PRLB – Get Rating) last released its earnings results on Friday, May 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $124.20 million during the quarter, compared to analysts’ expectations of $122.03 million. Proto Labs had a return on equity of 4.19% and a net margin of 7.01%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. On average, analysts expect Proto Labs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE PRLB opened at $49.03 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 38.91 and a beta of 1.34. The business has a 50-day moving average of $47.41 and a 200-day moving average of $49.16. Proto Labs has a fifty-two week low of $39.36 and a fifty-two week high of $85.84.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Graham Capital Management L.P. grew its holdings 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 purchasing an additional 501 shares during the period. Hsbc Holdings PLC grew its holdings in Proto Labs by 70.0% during the first quarter. Hsbc Holdings PLC now owns 8,441 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 3,475 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Proto Labs by 36.8% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 13,000 shares of the industrial products company’s stock worth $688,000 after purchasing an additional 3,500 shares during the period. MetLife Investment Management LLC grew its holdings in Proto Labs by 35.4% during the first quarter. MetLife Investment Management LLC now owns 14,038 shares of the industrial products company’s stock worth $743,000 after purchasing an additional 3,673 shares during the period. Finally, Gabelli Funds LLC grew its holdings in Proto Labs by 17.2% during the first quarter. Gabelli Funds LLC now owns 16,759 shares of the industrial products company’s stock worth $887,000 after purchasing an additional 2,459 shares during the period. Institutional investors own 93.35% of the company’s stock.
PRLB has been the subject of several analyst reports. StockNews.com initiated coverage on Proto Labs in a report on Thursday, March 31st. They issued a “hold” rating for the company. Craig Hallum decreased their price objective on Proto Labs from $56.00 to $50.00 in a report on Monday, May 9th.
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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