Hologic, Inc. (HOLX) Expected to Announce Quarterly Sales of $781.53 Million

Wall Street analysts forecast that Hologic, Inc. (NASDAQ:HOLX) will report sales of $781.53 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Hologic’s earnings, with estimates ranging from $776.89 million to $784.30 million. Hologic reported sales of $734.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The company is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Hologic will report full year sales of $781.53 million for the current fiscal year, with estimates ranging from $3.23 billion to $3.34 billion. For the next year, analysts expect that the business will report sales of $3.41 billion per share, with estimates ranging from $3.37 billion to $3.45 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Hologic.

Hologic (NASDAQ:HOLX) last announced its quarterly earnings data on Wednesday, November 8th. The medical equipment provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $802.90 million during the quarter, compared to analysts’ expectations of $792.54 million. Hologic had a return on equity of 21.69% and a net margin of 24.70%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share.

Several research firms have weighed in on HOLX. Cowen upgraded Hologic to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday. Zacks Investment Research upgraded Hologic from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Hologic in a report on Friday, November 3rd. Goldman Sachs Group upgraded Hologic from a “buy” rating to a “conviction-buy” rating and boosted their price target for the company from $45.00 to $50.00 in a report on Friday, December 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $45.00 price target (down from $48.00) on shares of Hologic in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Hologic currently has an average rating of “Buy” and an average target price of $47.93.

In related news, Director Elaine Ullian sold 9,282 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $40.50, for a total transaction of $375,921.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Karleen Marie Oberton sold 1,023 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.84, for a total value of $40,756.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,833 shares of company stock worth $1,107,270. Corporate insiders own 0.79% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOLX. Grove Bank & Trust raised its holdings in Hologic by 115.8% during the third quarter. Grove Bank & Trust now owns 2,860 shares of the medical equipment provider’s stock worth $105,000 after acquiring an additional 1,535 shares in the last quarter. Hall Laurie J Trustee raised its holdings in Hologic by 10.2% during the second quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock worth $110,000 after acquiring an additional 225 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Hologic by 31.0% during the second quarter. Commonwealth Bank of Australia now owns 2,533 shares of the medical equipment provider’s stock worth $114,000 after acquiring an additional 600 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Hologic during the second quarter worth about $191,000. Finally, National Asset Management Inc. bought a new stake in Hologic during the second quarter worth about $203,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

Hologic (HOLX) opened at $43.37 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.61 and a current ratio of 0.79. The firm has a market capitalization of $11,923.32, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. Hologic has a twelve month low of $35.76 and a twelve month high of $46.80.

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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.

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Earnings History and Estimates for Hologic (NASDAQ:HOLX)

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