Proto Labs (PRLB) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Proto Labs (NYSE:PRLB) posted its earnings results on Thursday, October 25th. The industrial products company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21, MarketWatch Earnings reports. The business had revenue of $115.43 million during the quarter, compared to analyst estimates of $112.53 million. Proto Labs had a return on equity of 14.31% and a net margin of 16.76%.

Shares of Proto Labs stock traded down $1.53 on Friday, reaching $124.90. The company’s stock had a trading volume of 101,484 shares, compared to its average volume of 210,675. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 2.18 and a beta of 1.46. Proto Labs has a 52 week low of $82.93 and a 52 week high of $166.60.

Separately, Zacks Investment Research lowered Proto Labs from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th.

In related news, CFO John Way sold 8,000 shares of Proto Labs stock in a transaction on Monday, September 24th. The stock was sold at an average price of $159.10, for a total transaction of $1,272,800.00. Following the transaction, the chief financial officer now directly owns 30,503 shares in the company, valued at $4,853,027.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Goodman sold 1,113 shares of Proto Labs stock in a transaction on Friday, September 14th. The shares were sold at an average price of $162.95, for a total value of $181,363.35. Following the transaction, the director now owns 12,655 shares in the company, valued at $2,062,132.25. The disclosure for this sale can be found here. In the last three months, insiders sold 23,934 shares of company stock valued at $3,663,441. Corporate insiders own 0.64% of the company’s stock.

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About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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Earnings History for Proto Labs (NYSE:PRLB)

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