Shares of quick-turn contract manufacturer Proto Labs (PRLB -1.34%) plummeted 66.5% in 2021, according to data from S&P Global Market Intelligence. The stock's poor performance can be largely attributed to fallout from the pandemic and the company underperforming Wall Street's expectations, as we'll explore in a moment.
How much of Proto Labs stock are insiders buying and selling?
In the past three months, Proto Labs insiders have bought more of their company's stock than they have sold. Specifically, they have bought $642,316.00 in company stock and sold $0.00 in company stock. Only 0.84% of the stock of Proto Labs is held by insiders.
What is Proto Labs?
Proto Labs, Inc. is an online and technology-enabled manufacturer of quick-turn computer numerical control machined and injection molded custom parts for prototyping and short-run production.
What's the return on equity for Proto Labs?
Proto Labs had a net margin of 6.61% and a trailing twelve-month return on equity of 3.99%. The business's revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. View Proto Labs' earnings history. What guidance has Proto Labs issued on next quarter's earnings?
What is the upside for Proto Labs'stock?
On average, they anticipate Proto Labs' stock price to reach $129.3333 in the next year. This suggests a possible upside of 18.9% from the stock's current price. View Analyst Price Targets for Proto Labs.
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Is Proto Labs a Buy?
The 3 analysts offering 12-month price forecasts for Proto Labs Inc have a median target of 53.00, with a high estimate of 70.00 and a low estimate of 50.00. The median estimate represents a +11.23% increase from the last price of 47.65.
Are Proto Labs profitable?
In fact, it grew its sales 18% year over year to $123.6 million. Meanwhile, the company's adjusted (i.e., non-GAAP) profits were $0.41 per share, and its GAAP profits (calculated according to generally accepted accounting principles) were even better -- up 19% year over year to $0.43 per share.
Should I buy or sell Proto Labs stock right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Proto Labs in the last year. There are currently 1 hold rating for the sto...
What is Proto Labs' stock price forecast for 2022?
1 Wall Street research analysts have issued 12-month price targets for Proto Labs' shares. Their forecasts range from $50.00 to $59.00. On average,...
How has Proto Labs' stock price performed in 2022?
Proto Labs' stock was trading at $51.35 at the beginning of 2022. Since then, PRLB stock has decreased by 8.4% and is now trading at $47.03. View...
When is Proto Labs' next earnings date?
Proto Labs is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Proto Labs .
How were Proto Labs' earnings last quarter?
Proto Labs, Inc. (NYSE:PRLB) posted its quarterly earnings data on Friday, May, 6th. The industrial products company reported $0.19 EPS for the qua...
What guidance has Proto Labs issued on next quarter's earnings?
Proto Labs issued an update on its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidan...
Who are Proto Labs' key executives?
Proto Labs' management team includes the following people: Dr. Robert Bodor , Interim CTO, Pres, CEO & Director (Age 49, Pay $766.54k) ( LinkedI...
What is Victoria Holt's approval rating as Proto Labs' CEO?
90 employees have rated Proto Labs CEO Victoria Holt on Glassdoor.com . Victoria Holt has an approval rating of 97% among Proto Labs' employees. T...
Who are some of Proto Labs' key competitors?
Some companies that are related to Proto Labs include Illinois Tool Works (ITW) , Parker-Hannifin (PH) , Ingersoll Rand (IR) , Dover (DOV) , S...
When will Proto Labs release its earnings?
Proto Labs is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021. View our earnings forecast for Proto Labs.
How much does Proto Labs make?
Proto Labs has a market capitalization of $2.34 billion and generates $434.39 million in revenue each year. The industrial products company earns $50.87 million in net income (profit) each year or $1.89 on an earnings per share basis.
What is a hold rating on Proto Labs?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRLB, but not buy additional shares or sell existing shares.
Who sold PRLB stock?
PRLB stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc.. Company insiders that have sold Proto Labs company stock in the last year include John B Goodman, Rainer Gawlick, Sven Wehrwein, and Victoria M Holt.
What happened
Shares of machining, injection-molding, and 3D printing company Proto Labs ( PRLB -1.75% ) had a volatile day Tuesday. After losing more than 16%, the stock halved those losses, ending today 7.4% lower.
So what
The company didn't put out any specific news, but the stock is more likely caught in the overall rotation out of higher-growth tech names, and into cyclical and recovery stocks. Shares of Proto Labs are down almost 40% from recent highs near the end of January. But the drop just brings shares to about breakeven year to date.
Now what
Proto Labs continues to recover from a difficult business environment in 2020. Revenue for its fourth quarter 2020 was down slightly year over year. Full-year revenue was also lower compared to 2019. But the company still generated $107 million in cash from operations for the year.
NYSE: PRLB
That cash flow enabled the company to grow its cash position by about 10% from the previous quarter, ending the year with $221 million in cash and investments. The most recent drop in shares seems more related to the market shift away from high tech growth stocks. Today appears to be no exception.
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Proto Labs (PRLB) Q4 2021 Earnings Call Transcript
Thank you, Rob, and welcome everyone to Proto Labs fourth quarter and full year 2021 earnings conference call. This morning, Proto Labs issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2021.
Why Proto Labs Stock Is Printing Profits Today
Proto Labs (NYSE: PRLB), a contract manufacturer of 3D-printed products for prototypes and custom production runs, is making quite a run itself Friday morning. Ahead of the Q4 report, analysts had forecast that Proto Labs would earn $0.27 per share, adjusted, on sales of $117.4 million.
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