Proto Labs (PRLB) to Release Earnings on Friday

Proto Labs (NYSE:PRLB) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $120.12 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Proto Labs Price Performance

Shares of Proto Labs stock opened at $44.26 on Thursday. Proto Labs has a 1 year low of $25.75 and a 1 year high of $45.15. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 47.08 and a beta of 1.45. The company has a 50-day moving average of $40.63 and a 200 day moving average of $34.64.

Analyst Ratings Changes

A number of brokerages have weighed in on PRLB. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Thursday, January 16th. Craig Hallum raised their price objective on Proto Labs from $30.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 target price on shares of Proto Labs in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.33.

About Proto Labs

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.