Proto Labs (PRLB) to Release Earnings on Friday

Proto Labs (NYSE:PRLB - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $123.71 million for the quarter.

Proto Labs Stock Performance

Proto Labs stock traded down $0.30 during mid-day trading on Wednesday, reaching $35.11. 167,108 shares of the company were exchanged, compared to its average volume of 232,996. The firm's 50-day simple moving average is $35.76 and its two-hundred day simple moving average is $37.69. Proto Labs has a twelve month low of $25.76 and a twelve month high of $46.73. The firm has a market cap of $834.60 million, a PE ratio of 54.02 and a beta of 1.52.

Proto Labs declared that its board has authorized a stock repurchase plan on Friday, February 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

PRLB has been the subject of a number of analyst reports. StockNews.com cut Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. Cantor Fitzgerald lifted their price objective on Proto Labs from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Proto Labs in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

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.