Hologic, Inc. (NASDAQ:HOLX) – Research analysts at Gabelli reduced their FY2018 earnings per share (EPS) estimates for shares of Hologic in a report released on Monday. Gabelli analyst S. Wojda now expects that the medical equipment provider will post earnings of $2.25 per share for the year, down from their previous estimate of $2.30. Gabelli also issued estimates for Hologic’s FY2019 earnings at $2.45 EPS, FY2020 earnings at $2.65 EPS and FY2021 earnings at $2.85 EPS.
Hologic (NASDAQ:HOLX) last posted its quarterly earnings data on Thursday, February 8th. The medical equipment provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Hologic had a net margin of 34.53% and a return on equity of 20.07%. The business had revenue of $791.10 million for the quarter, compared to analyst estimates of $785.80 million. During the same quarter last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.
Hologic (HOLX) traded down $0.24 during midday trading on Wednesday, hitting $37.80. 3,386,100 shares of the company were exchanged, compared to its average volume of 2,916,220. Hologic has a fifty-two week low of $35.33 and a fifty-two week high of $46.80. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $10,519.17, a price-to-earnings ratio of 9.97, a PEG ratio of 1.72 and a beta of 0.77.
A number of institutional investors have recently bought and sold shares of HOLX. Parnassus Investments CA boosted its stake in Hologic by 88.6% in the 4th quarter. Parnassus Investments CA now owns 14,240,875 shares of the medical equipment provider’s stock worth $608,797,000 after purchasing an additional 6,689,454 shares during the period. Victory Capital Management Inc. boosted its stake in Hologic by 5.8% in the 4th quarter. Victory Capital Management Inc. now owns 6,199,017 shares of the medical equipment provider’s stock worth $265,008,000 after purchasing an additional 342,239 shares during the period. Pictet Asset Management Ltd. boosted its stake in Hologic by 50.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,912,338 shares of the medical equipment provider’s stock worth $106,854,000 after purchasing an additional 974,325 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hologic by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,969,026 shares of the medical equipment provider’s stock worth $72,243,000 after purchasing an additional 105,360 shares during the period. Finally, Legal & General Group Plc boosted its stake in Hologic by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 1,426,469 shares of the medical equipment provider’s stock worth $52,333,000 after purchasing an additional 48,577 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.
In other Hologic news, VP Karleen Marie Oberton sold 1,023 shares of Hologic stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $39.84, for a total value of $40,756.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.
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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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