Proto Labs (PRLB) to Release Quarterly Earnings on Friday

Proto Labs (NYSE:PRLB) will likely be releasing its earnings data before the market opens on Friday, February 7th. Analysts expect Proto Labs to post earnings of $0.32 per share and revenue of $120.12 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Proto Labs Stock Up 3.7 %

Shares of Proto Labs stock opened at $43.19 on Wednesday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 45.95 and a beta of 1.45. The stock’s 50-day simple moving average is $40.56 and its 200-day simple moving average is $34.57. Proto Labs has a 52 week low of $25.75 and a 52 week high of $45.15.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price target on shares of Proto Labs in a research note on Monday, November 4th. Craig Hallum upped their target price on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.33.

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.