Proto Labs (PRLB) to Release Earnings on Friday

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

Proto Labs Stock Performance

Shares of Proto Labs stock opened at $43.19 on Wednesday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 45.95 and a beta of 1.45. The stock has a 50 day moving average price of $40.56 and a 200-day moving average price of $34.57. Proto Labs has a one year low of $25.75 and a one year high of $45.15.

Wall Street Analysts Forecast Growth

PRLB has been the subject of several recent analyst reports. Craig Hallum lifted their price objective on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a report on Thursday, January 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of Proto Labs in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.33.

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.