Hologic, Inc. (HOLX) Scheduled to Post Quarterly Earnings on Wednesday
Hologic, Inc. (NASDAQ:HOLX) is set to issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
Hologic (NASDAQ:HOLX) last posted its earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.50 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $799.70 million. During the same quarter last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, analysts expect Hologic to post $2.01 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.
Shares of Hologic, Inc. (NASDAQ HOLX) opened at 37.85 on Wednesday. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 14.10 and a beta of 0.91. The stock has a 50 day moving average price of $37.20 and a 200-day moving average price of $41.41. Hologic, Inc. has a 1-year low of $35.15 and a 1-year high of $46.80.
A number of brokerages have weighed in on HOLX. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $51.00 price target on shares of Hologic in a research report on Friday, July 14th. Zacks Investment Research raised Hologic from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG cut their price objective on Hologic from $51.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Bank of America Corporation reissued a “neutral” rating and set a $48.00 price objective (up previously from $44.00) on shares of Hologic in a research report on Friday, July 21st. Finally, Barclays PLC reissued an “overweight” rating and set a $53.00 price objective (up previously from $50.00) on shares of Hologic in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Hologic currently has a consensus rating of “Buy” and a consensus target price of $47.77.
In related news, Director Lawrence M. Levy sold 7,139 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.04, for a total transaction of $278,706.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Elaine Ullian sold 6,902 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.12, for a total value of $276,908.24. Following the transaction, the director now owns 23,810 shares in the company, valued at $955,257.20. The disclosure for this sale can be found here. Insiders have sold 30,775 shares of company stock worth $1,175,662 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.
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Hologic Company Profile
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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