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

Proto Labs (NYSE:PRLB) updated its fourth quarter 2024 earnings guidance on Friday. 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 opened at $27.40 on Friday. The firm has a market capitalization of $689.11 million, a PE ratio of 28.54 and a beta of 1.31. The stock’s fifty day moving average is $28.89 and its 200 day moving average is $30.43. Proto Labs has a fifty-two week low of $23.03 and a fifty-two week high of $41.87.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PRLB. Needham & Company LLC reissued a “hold” rating on shares of Proto Labs in a research note on Monday, August 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $44.00 target price on shares of Proto Labs in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Insiders Place Their Bets

In other news, CEO Robert Bodor purchased 3,480 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $28.68 per share, with a total value of $99,806.40. Following the transaction, the chief executive officer now owns 80,878 shares of the company’s stock, valued at $2,319,581.04. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently 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.