Media coverage about Proto Labs (NYSE:PRLB) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Proto Labs earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 47.3968980963379 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Proto Labs (PRLB) traded up $0.50 during midday trading on Friday, reaching $84.65. The company had a trading volume of 76,036 shares, compared to its average volume of 148,058. The stock has a market cap of $2,260.00, a price-to-earnings ratio of 48.71, a P/E/G ratio of 2.28 and a beta of 1.03. Proto Labs has a twelve month low of $48.00 and a twelve month high of $89.95.
Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $88.10 million during the quarter, compared to analyst estimates of $85.68 million. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. Proto Labs’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. sell-side analysts expect that Proto Labs will post 1.9 EPS for the current fiscal year.
Several brokerages have issued reports on PRLB. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Friday, November 3rd. BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 price target on shares of Proto Labs in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.33.
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About Proto Labs
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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