Hologic, Inc. (HOLX) Expected to Earn FY2017 Earnings of $2.01 Per Share
Hologic, Inc. (NASDAQ:HOLX) – Equities researchers at William Blair dropped their FY2017 earnings per share (EPS) estimates for Hologic in a research report issued to clients and investors on Thursday. William Blair analyst B. Weinstein now forecasts that the medical equipment provider will post earnings per share of $2.01 for the year, down from their previous forecast of $2.02.
A number of other brokerages have also recently commented on HOLX. Stifel Nicolaus upped their price target on shares of Hologic from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price target on shares of Hologic in a research note on Wednesday, June 28th. Bank of America Corporation restated a “neutral” rating and set a $48.00 price target (up from $44.00) on shares of Hologic in a research note on Friday, July 21st. Canaccord Genuity restated a “buy” rating and set a $53.00 price target on shares of Hologic in a research note on Tuesday, May 9th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $51.00 price target on shares of Hologic in a research note on Friday, July 14th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Hologic has an average rating of “Buy” and a consensus target price of $48.64.
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Hologic (NASDAQ HOLX) opened at 39.25 on Monday. The company has a market capitalization of $11.01 billion, a PE ratio of 14.62 and a beta of 0.90. The stock’s 50 day moving average is $45.06 and its 200 day moving average is $42.98. Hologic has a one year low of $35.15 and a one year high of $46.80.
Hologic (NASDAQ:HOLX) last announced its earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $799.70 million. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis.
In other news, VP Karleen Marie Oberton sold 4,704 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $45.19, for a total value of $212,573.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter J. Valenti III sold 10,005 shares of the 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 completion of the transaction, the insider now directly owns 20,994 shares in the company, valued at approximately $911,979.36. The disclosure for this sale can be found here. Insiders have sold a total of 63,562 shares of company stock worth $2,802,013 in the last ninety days. 0.79% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of HOLX. TrimTabs Asset Management LLC raised its position in shares of 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 position in shares of Hologic during the first quarter worth approximately $201,000. Miles Capital Inc. bought a new position in shares of Hologic during the first quarter worth approximately $206,000. Beck Mack & Oliver LLC bought a new position in shares of Hologic during the second quarter worth approximately $209,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Hologic during the first quarter worth approximately $210,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
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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