Hologic, Inc. to Post FY2022 Earnings of $3.05 Per Share, Gabelli Forecasts (HOLX)
Hologic, Inc. (NASDAQ:HOLX) – Gabelli cut their FY2022 earnings per share (EPS) estimates for shares of Hologic in a report issued on Monday. Gabelli analyst S. Wojda now expects that the medical equipment provider will post earnings per share of $3.05 for the year, down from their previous estimate of $3.25.
Hologic (NASDAQ:HOLX) last announced its quarterly earnings data on Thursday, February 8th. The medical equipment provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $791.10 million for the quarter, compared to analyst estimates of $785.80 million. Hologic had a net margin of 34.53% and a return on equity of 20.07%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share.
Shares of Hologic (NASDAQ HOLX) traded up $0.29 on Tuesday, hitting $38.04. 4,473,200 shares of the stock were exchanged, compared to its average volume of 3,002,262. Hologic has a 12-month low of $35.33 and a 12-month high of $46.80. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10,438.97, a price-to-earnings ratio of 10.04, a PEG ratio of 1.71 and a beta of 0.77.
A number of hedge funds have recently added to or reduced their stakes in the business. Hall Laurie J Trustee raised its holdings in Hologic by 10.2% in the 2nd quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock valued at $110,000 after acquiring an additional 225 shares during the last quarter. Sentry Investment Management LLC raised its holdings in Hologic by 1.9% in the 2nd quarter. Sentry Investment Management LLC now owns 18,491 shares of the medical equipment provider’s stock valued at $839,000 after acquiring an additional 353 shares during the last quarter. Creative Planning raised its holdings in Hologic by 8.2% in the 4th quarter. Creative Planning now owns 15,396 shares of the medical equipment provider’s stock valued at $658,000 after acquiring an additional 1,161 shares during the last quarter. AT Bancorp raised its holdings in Hologic by 2.2% in the 4th quarter. AT Bancorp now owns 62,329 shares of the medical equipment provider’s stock valued at $2,664,000 after acquiring an additional 1,323 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Hologic by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 406,630 shares of the medical equipment provider’s stock worth $14,919,000 after buying an additional 1,351 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.
In other Hologic news, VP Karleen Marie Oberton sold 1,023 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.84, for a total value of $40,756.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.
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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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