Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end markets. The company was incorporated in 1999 and is headquartered in Maple Plain, Minnesota.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. StockNews.com upgraded Proto Labs from a "hold" rating to a "buy" rating in a report on Monday, August 8th. Craig Hallum lowered their price target on Proto Labs to $42.00 in a report on Monday.
Proto Labs Price Performance
PRLB Stock opened at $44.78 on Thursday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 50.89 and a beta of 1.28. The business has a 50-day moving average of $47.33 and a 200-day moving average of $48.96. Proto Labs has a fifty-two week low of $39.36 and a fifty-two week high of $79.27.
Proto Labs (NYSE:PRLB - Get Rating) last posted its quarterly earnings data on Friday, August 5th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. The company had revenue of $126.90 million during the quarter, compared to analysts' expectations of $127.28 million. Proto Labs had a return on equity of 2.95% and a net margin of 4.88%. Proto Labs's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities analysts expect that Proto Labs will post 0.79 EPS for the current year.