Hologic, Inc. (NASDAQ:HOLX) – Jefferies Group decreased their Q2 2018 earnings estimates for shares of Hologic in a research report issued to clients and investors on Wednesday. Jefferies Group analyst R. Denhoy now expects that the medical equipment provider will earn $0.56 per share for the quarter, down from their prior forecast of $0.57. Jefferies Group has a “Buy” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for Hologic’s Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.28 EPS, FY2019 earnings at $2.59 EPS and FY2020 earnings at $2.96 EPS.

Hologic (NASDAQ:HOLX) last posted its quarterly earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Hologic had a return on equity of 23.18% and a net margin of 25.65%. The business had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $799.70 million. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis.

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Several other research analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) cut Hologic from a “conviction-buy” rating to a “buy” rating and cut their price objective for the stock from $48.00 to $47.00 in a research report on Thursday. Stifel Nicolaus reissued a “buy” rating on shares of Hologic in a research report on Friday, July 14th. Canaccord Genuity reissued a “buy” rating and issued a $53.00 price objective on shares of Hologic in a research report on Tuesday, May 9th. Zacks Investment Research cut Hologic from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BTIG Research reissued a “buy” rating and issued a $47.00 price objective on shares of Hologic in a research report on Sunday, May 14th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $48.64.

Shares of Hologic (HOLX) opened at 39.25 on Monday. The company has a 50-day moving average price of $45.06 and a 200-day moving average price of $42.98. Hologic has a 1-year low of $35.15 and a 1-year high of $46.80. The company has a market cap of $11.01 billion, a PE ratio of 14.62 and a beta of 0.90.

Hedge funds have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC raised its stake in Hologic by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,993 shares of the medical equipment provider’s stock worth $127,000 after buying an additional 1,408 shares during the last quarter. Advisor Partners LLC bought a new stake in Hologic during the first quarter worth about $201,000. Miles Capital Inc. bought a new stake in Hologic during the first quarter worth about $206,000. Beck Mack & Oliver LLC bought a new stake in Hologic during the second quarter worth about $209,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Hologic during the first quarter worth about $210,000. Institutional investors own 94.46% of the company’s stock.

In related news, insider Peter J. Valenti III sold 10,005 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $43.44, for a total transaction of $434,617.20. Following the sale, the insider now directly owns 20,994 shares in the company, valued at approximately $911,979.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence M. Levy sold 9,076 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $42.80, for a total value of $388,452.80. Following the sale, the director now owns 43,165 shares in the company, valued at $1,847,462. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,562 shares of company stock worth $2,802,013. 0.79% of the stock is currently owned by corporate insiders.

About Hologic

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.

Earnings History and Estimates for Hologic (NASDAQ:HOLX)

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