Brokerages Expect Hologic, Inc. (HOLX) Will Announce Earnings of $0.49 Per Share
Equities research analysts expect Hologic, Inc. (NASDAQ:HOLX) to report earnings of $0.49 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Hologic’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.49. Hologic posted earnings per share of $0.52 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.8%. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Hologic will report full-year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.01. For the next financial year, analysts expect that the company will report earnings of $2.17 per share, with EPS estimates ranging from $2.06 to $2.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Hologic.
Hologic (NASDAQ:HOLX) last released its earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Hologic had a net margin of 25.65% and a return on equity of 23.18%. The company had revenue of $806.10 million for the quarter, compared to the consensus estimate of $799.70 million. During the same quarter in the previous year, the company earned $0.51 EPS. Hologic’s quarterly revenue was up 12.4% compared to the same quarter last year.
Several equities research analysts have weighed in on HOLX shares. Royal Bank Of Canada cut their price target on Hologic from $50.00 to $45.00 and set a “sector perform” rating on the stock in a report on Thursday, August 3rd. BidaskClub cut Hologic from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Hologic from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC decreased their target price on Hologic from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday, August 3rd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Hologic in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $48.64.
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In other Hologic news, VP Karleen Marie Oberton sold 4,704 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $45.19, for a total transaction of $212,573.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elaine Ullian sold 6,902 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.12, for a total value of $276,908.24. Following the sale, the director now owns 23,810 shares in the company, valued at approximately $955,257.20. The disclosure for this sale can be found here. Insiders sold a total of 27,594 shares of company stock valued at $1,168,871 over the last ninety days. 0.79% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Hall Laurie J Trustee grew its holdings in Hologic by 10.2% during the 2nd quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock valued at $110,000 after buying an additional 225 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in Hologic by 31.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,533 shares of the medical equipment provider’s stock valued at $114,000 after buying an additional 600 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Hologic during the 2nd quarter valued at $191,000. National Asset Management Inc. acquired a new stake in Hologic during the 2nd quarter valued at $203,000. Finally, Miles Capital Inc. acquired a new stake in Hologic during the 1st quarter valued at $206,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.
Hologic (HOLX) traded up 0.687% on Friday, hitting $37.385. 2,177,353 shares of the company were exchanged. Hologic has a 52 week low of $35.15 and a 52 week high of $46.80. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 13.924 and a beta of 0.92. The stock has a 50 day moving average of $38.51 and a 200 day moving average of $42.55.
Hologic, Inc is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products with an emphasis on women’s health. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The diagnostics products include Aptima family of assays, ThinPrep system, the Rapid Fetal Fibronectin Test and Procleix blood screening assays.
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