Hologic, Inc. (NASDAQ:HOLX) – Jefferies Group decreased their Q2 2018 earnings per share estimates for Hologic in a report released on Wednesday. Jefferies Group analyst R. Denhoy now expects that the medical equipment provider will post earnings of $0.56 per share for the quarter, down from their prior estimate of $0.57. Jefferies Group has a “Buy” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for Hologic’s Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.28 EPS, FY2019 earnings at $2.59 EPS and FY2020 earnings at $2.96 EPS.
Hologic (NASDAQ:HOLX) last announced its quarterly earnings data on Wednesday, August 2nd. The medical equipment provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $799.70 million. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis.
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A number of other equities research analysts have also recently commented on the company. Goldman Sachs Group, Inc. (The) cut Hologic from a “conviction-buy” rating to a “buy” rating and dropped their target price for the company from $48.00 to $47.00 in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating on shares of Hologic in a research report on Friday, July 14th. Canaccord Genuity restated a “buy” rating and set a $53.00 target price on shares of Hologic in a research report on Tuesday, May 9th. Zacks Investment Research cut Hologic from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BTIG Research restated a “buy” rating and set a $47.00 target price on shares of Hologic in a research report on Sunday, May 14th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $48.64.
Hologic (NASDAQ HOLX) traded down 0.56% during midday trading on Monday, hitting $38.81. The company had a trading volume of 1,147,624 shares. Hologic has a 1-year low of $35.15 and a 1-year high of $46.80. The company has a 50 day moving average price of $45.06 and a 200 day moving average price of $42.98. The firm has a market capitalization of $10.89 billion, a P/E ratio of 14.45 and a beta of 0.90.
In other Hologic news, VP Karleen Marie Oberton sold 4,704 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $45.19, for a total value of $212,573.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lawrence M. Levy sold 9,837 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $45.34, for a total transaction of $446,009.58. Following the completion of the transaction, the director now directly owns 40,577 shares in the company, valued at $1,839,761.18. The disclosure for this sale can be found here. Insiders sold a total of 70,464 shares of company stock worth $3,078,921 over the last three months. Corporate insiders own 0.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its position in Hologic by 11.2% in the first quarter. Nationwide Fund Advisors now owns 511,970 shares of the medical equipment provider’s stock worth $21,784,000 after buying an additional 51,676 shares during the period. State of Alaska Department of Revenue acquired a new position in Hologic during the first quarter worth $530,000. Nisa Investment Advisors LLC raised its position in Hologic by 60.9% in the first quarter. Nisa Investment Advisors LLC now owns 86,602 shares of the medical equipment provider’s stock worth $3,685,000 after buying an additional 32,782 shares during the period. DnB Asset Management AS raised its position in Hologic by 13.4% in the first quarter. DnB Asset Management AS now owns 19,505 shares of the medical equipment provider’s stock worth $830,000 after buying an additional 2,300 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in Hologic by 12.5% in the first quarter. Gateway Investment Advisers LLC now owns 489,358 shares of the medical equipment provider’s stock worth $20,822,000 after buying an additional 54,208 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.
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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