The Proto Labs, Inc. (PRLB) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

The Proto Labs, Inc. (PRLB) Posts Quarterly  Earnings Results, Beats Estimates By $0.04 EPS

Proto Labs, Inc. (NYSE:PRLB) issued its earnings results on Wednesday. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04, Bloomberg Earnings reports. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The firm had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $85.68 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year.

Proto Labs (PRLB) traded up 8.48% on Thursday, reaching $88.95. 173,379 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $78.06 and a 200-day moving average price of $68.87. Proto Labs has a 1-year low of $43.10 and a 1-year high of $89.90. The company has a market capitalization of $2.37 billion, a P/E ratio of 51.72 and a beta of 0.99.

Several research analysts recently issued reports on the stock. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Piper Jaffray Companies reissued a “hold” rating and set a $67.00 target price on shares of Proto Labs in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.00.

About Proto Labs

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.

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