Proto Labs (NYSE:PRLB - Get Free Report) posted its quarterly earnings results on Friday. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04, Briefing.com reports. The business had revenue of $126.21 million during the quarter, compared to analysts' expectations of $123.71 million. Proto Labs had a net margin of 3.31% and a return on equity of 2.44%. The business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. Proto Labs updated its Q2 2025 guidance to 0.300-0.380 EPS.
Proto Labs Stock Up 7.2 %
PRLB opened at $38.39 on Friday. The business's 50 day moving average is $35.64 and its two-hundred day moving average is $37.87. The firm has a market cap of $912.57 million, a price-to-earnings ratio of 59.06 and a beta of 1.52. Proto Labs has a 52 week low of $25.76 and a 52 week high of $46.73.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on PRLB. StockNews.com cut Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. Needham & Company LLC restated a "hold" rating on shares of Proto Labs in a research note on Friday, February 7th. Finally, Cantor Fitzgerald upped their target price on shares of Proto Labs from $40.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.67.
Check Out Our Latest Analysis on Proto Labs
Proto Labs declared that its board has initiated a share repurchase program on Friday, February 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy up to 9.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.
About Proto Labs
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Proto Labs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Proto Labs wasn't on the list.
While Proto Labs currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
