Zacks: Analysts Anticipate Hologic, Inc. (NASDAQ:HOLX) Will Post Earnings of $0.49 Per Share
Equities research analysts predict that Hologic, Inc. (NASDAQ:HOLX) will report earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided 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 suggests a negative year-over-year growth rate of 5.8%. The business is scheduled to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Hologic will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.02. For the next year, analysts expect that the business will report earnings of $2.18 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 analysts that cover Hologic.
Hologic (NASDAQ:HOLX) last issued its earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $799.70 million. Hologic had a net margin of 25.65% and a return on equity of 23.18%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share.
A number of brokerages have recently issued reports on HOLX. Stifel Nicolaus raised their price objective on Hologic from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Jefferies Group LLC set a $49.00 target price on Hologic and gave the stock a “buy” rating in a research note on Sunday, May 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $51.00 target price on shares of Hologic in a research note on Friday, July 14th. Bank of America Corporation reaffirmed a “neutral” rating and set a $48.00 target price (up previously from $44.00) on shares of Hologic in a research note on Friday, July 21st. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $53.00 target price (up previously from $50.00) on shares of Hologic in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.64.
Shares of Hologic (HOLX) traded up 2.17% during mid-day trading on Friday, hitting $38.20. 3,819,623 shares of the company’s stock were exchanged. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 14.23 and a beta of 0.90. The firm has a 50 day moving average price of $43.73 and a 200-day moving average price of $42.89. Hologic has a 52 week low of $35.15 and a 52 week high of $46.80.
In other news, Director Lawrence M. Levy sold 2,960 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $44.54, for a total value of $131,838.40. Following the transaction, the director now owns 45,634 shares in the company, valued at $2,032,538.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elaine Ullian sold 8,849 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $45.28, for a total value of $400,682.72. Following the completion of the transaction, the director now owns 23,810 shares in the company, valued at approximately $1,078,116.80. The disclosure for this sale can be found here. Insiders sold 60,627 shares of company stock valued at $2,632,911 in the last three months. Insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HOLX. Teachers Advisors LLC raised its position in Hologic by 28.8% in the fourth quarter. Teachers Advisors LLC now owns 643,547 shares of the medical equipment provider’s stock worth $25,819,000 after buying an additional 143,960 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Hologic by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 240,769 shares of the medical equipment provider’s stock worth $10,245,000 after buying an additional 8,289 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Hologic by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 74,164 shares of the medical equipment provider’s stock worth $3,155,000 after buying an additional 1,100 shares in the last quarter. National Pension Service raised its position in Hologic by 55,168.1% in the first quarter. National Pension Service now owns 244,285 shares of the medical equipment provider’s stock worth $10,433,000 after buying an additional 243,843 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its position in Hologic by 117.2% in the first quarter. Fox Run Management L.L.C. now owns 12,600 shares of the medical equipment provider’s stock worth $536,000 after buying an additional 6,800 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.
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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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