Equities analysts forecast that Hologic, Inc. (NASDAQ:HOLX) will announce sales of $782.88 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Hologic’s earnings, with estimates ranging from $780.40 million to $784.30 million. Hologic posted sales of $734.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.
On average, analysts expect that Hologic will report full-year sales of $782.88 million for the current fiscal year, with estimates ranging from $3.23 billion to $3.34 billion. For the next financial year, analysts anticipate that the business will report sales of $3.41 billion per share, with estimates ranging from $3.37 billion to $3.45 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Hologic.
Hologic (NASDAQ:HOLX) last announced its quarterly earnings data on Wednesday, November 8th. The medical equipment provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $802.90 million for the quarter, compared to analysts’ expectations of $792.54 million. Hologic had a net margin of 24.70% and a return on equity of 21.69%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Several brokerages have recently issued reports on HOLX. BidaskClub cut shares of Hologic from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 target price (down from $50.00) on shares of Hologic in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $51.00 target price (down from $53.00) on shares of Hologic in a report on Wednesday, August 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 target price on shares of Hologic in a report on Thursday, November 9th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Hologic in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $47.54.
In other Hologic news, Director Lawrence M. Levy sold 7,139 shares of Hologic stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $39.04, for a total value of $278,706.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence M. Levy sold 7,138 shares of Hologic stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $37.38, for a total transaction of $266,818.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,949 shares of company stock valued at $1,345,220. 0.79% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HOLX. Parnassus Investments CA acquired a new stake in Hologic in the third quarter valued at approximately $277,062,000. Capital World Investors acquired a new stake in Hologic in the second quarter valued at approximately $312,441,000. HealthCor Management L.P. acquired a new stake in Hologic in the second quarter valued at approximately $76,604,000. Columbus Circle Investors acquired a new stake in Hologic in the second quarter valued at approximately $54,511,000. Finally, Vanguard Group Inc. lifted its stake in Hologic by 4.2% in the second quarter. Vanguard Group Inc. now owns 29,547,138 shares of the medical equipment provider’s stock valued at $1,340,850,000 after acquiring an additional 1,200,825 shares during the last quarter. Hedge funds and other institutional investors own 96.41% of the company’s stock.
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Shares of Hologic (NASDAQ:HOLX) traded up $0.47 on Friday, hitting $39.72. 1,472,600 shares of the stock traded hands, compared to its average volume of 2,742,896. The firm has a market cap of $11,314.73, a PE ratio of 19.43, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.79 and a quick ratio of 0.61. Hologic has a 12 month low of $35.76 and a 12 month high of $46.80.
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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