Proto Labs (NYSE:PRLB) Issues Q4 2024 Earnings Guidance

Proto Labs (NYSE:PRLB) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.280-0.360 for the period, compared to the consensus estimate of 0.290. The company issued revenue guidance of $115.0 million-$123.0 million, compared to the consensus revenue estimate of $120.0 million. Proto Labs also updated its Q4 guidance to $0.15-0.18 EPS.

Proto Labs Stock Performance

NYSE:PRLB traded down $4.14 during mid-day trading on Monday, hitting $33.86. 782,331 shares of the company’s stock traded hands, compared to its average volume of 192,479. Proto Labs has a twelve month low of $25.75 and a twelve month high of $41.87. The company has a market capitalization of $851.51 million, a P/E ratio of 35.78 and a beta of 1.32. The company has a fifty day moving average of $28.99 and a 200 day moving average of $30.44.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.15. The business had revenue of $125.60 million during the quarter, compared to analysts’ expectations of $121.38 million. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. On average, research analysts expect that Proto Labs will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PRLB has been the topic of a number of research reports. StockNews.com lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th. Craig Hallum raised their price target on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a report on Friday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.33.

Insider Activity at Proto Labs

In other news, CEO Robert Bodor acquired 3,480 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $28.68 per share, for a total transaction of $99,806.40. Following the completion of the transaction, the chief executive officer now owns 80,878 shares in the company, valued at approximately $2,319,581.04. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.