Wall Street brokerages expect Hologic, Inc. (NASDAQ:HOLX) to report sales of $791.68 million for the current quarter, Zacks reports. Six analysts have made estimates for Hologic’s earnings, with the highest sales estimate coming in at $794.50 million and the lowest estimate coming in at $787.40 million. Hologic reported sales of $715.40 million in the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The company is scheduled to announce its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Hologic will report full-year sales of $791.68 million for the current fiscal year, with estimates ranging from $3.24 billion to $3.27 billion. For the next fiscal year, analysts expect that the company will report sales of $3.40 billion per share, with estimates ranging from $3.37 billion to $3.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Hologic.
Hologic (NASDAQ:HOLX) last announced its earnings results on Thursday, February 8th. The medical equipment provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $791.10 million during the quarter, compared to analysts’ expectations of $785.80 million. Hologic had a net margin of 34.53% and a return on equity of 20.75%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share.
In other news, Director Elaine Ullian sold 9,282 shares of Hologic stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.50, for a total transaction of $375,921.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Karleen Marie Oberton sold 1,023 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $39.84, for a total transaction of $40,756.32. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Hall Laurie J Trustee grew its holdings in Hologic by 10.2% in the second quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock valued at $110,000 after purchasing an additional 225 shares during the period. Sentry Investment Management LLC grew its holdings in Hologic by 1.9% in the second quarter. Sentry Investment Management LLC now owns 18,491 shares of the medical equipment provider’s stock valued at $839,000 after purchasing an additional 353 shares during the period. Creative Planning grew its holdings in Hologic by 8.2% in the fourth quarter. Creative Planning now owns 15,396 shares of the medical equipment provider’s stock valued at $658,000 after purchasing an additional 1,161 shares during the period. AT Bancorp grew its holdings in Hologic by 2.2% in the fourth quarter. AT Bancorp now owns 62,329 shares of the medical equipment provider’s stock valued at $2,664,000 after purchasing an additional 1,323 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Hologic by 0.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 406,630 shares of the medical equipment provider’s stock valued at $14,919,000 after purchasing an additional 1,351 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.
Hologic (HOLX) opened at $37.75 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.79. The stock has a market cap of $10,729.33, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.77. Hologic has a 52-week low of $35.33 and a 52-week high of $46.80.
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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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