Proto Labs (PRLB) Announces Earnings Results

Proto Labs (NYSE:PRLB) posted its quarterly earnings data on Thursday. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05, Morningstar.com reports. Proto Labs had a return on equity of 12.22% and a net margin of 15.03%. The firm had revenue of $94.18 million for the quarter, compared to the consensus estimate of $92.20 million. During the same quarter last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year.

Proto Labs (PRLB) traded down $1.70 during midday trading on Friday, hitting $105.90. The stock had a trading volume of 509,498 shares, compared to its average volume of 155,453. Proto Labs has a 1 year low of $48.00 and a 1 year high of $113.05. The company has a market capitalization of $2,770.00, a P/E ratio of 54.87, a P/E/G ratio of 2.43 and a beta of 1.08.

Several research analysts have recently commented on the company. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Saturday, January 13th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a research note on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price objective on Proto Labs and gave the stock a “hold” rating in a research note on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $86.50.

In related news, Director Rainer Gawlick sold 1,500 shares of Proto Labs stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total transaction of $135,465.00. Following the sale, the director now owns 6,925 shares of the company’s stock, valued at approximately $625,396.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Tumelty sold 13,556 shares of Proto Labs stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total value of $1,248,100.92. The disclosure for this sale can be found here. Insiders sold 19,556 shares of company stock worth $1,814,101 in the last ninety days. Corporate insiders own 7.78% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in Proto Labs by 73.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 544 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Proto Labs by 52.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 471 shares during the period. Shelton Capital Management bought a new stake in Proto Labs during the 4th quarter valued at approximately $225,000. LS Investment Advisors LLC raised its stake in Proto Labs by 143.8% during the 4th quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 1,362 shares during the period. Finally, Hengehold Capital Management LLC bought a new stake in Proto Labs during the 4th quarter valued at approximately $254,000.

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Proto Labs Company Profile

Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.

Earnings History for Proto Labs (NYSE:PRLB)

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