$779.91 Million in Sales Expected for Hologic, Inc. (HOLX) This Quarter

Equities analysts predict that Hologic, Inc. (NASDAQ:HOLX) will report $779.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Hologic’s earnings, with the highest sales estimate coming in at $783.70 million and the lowest estimate coming in at $777.70 million. Hologic posted sales of $715.40 million during the same quarter last year, which suggests a positive year over year growth rate of 9%. The business is expected to report its next quarterly earnings results on Wednesday, May 9th.

According to Zacks, analysts expect that Hologic will report full-year sales of $779.91 million for the current fiscal year, with estimates ranging from $3.23 billion to $3.28 billion. For the next year, analysts expect that the firm will post sales of $3.40 billion per share, with estimates ranging from $3.37 billion to $3.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Hologic.

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Hologic (NASDAQ:HOLX) last announced its quarterly earnings results on Thursday, February 8th. The medical equipment provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $791.10 million for the quarter, compared to analyst estimates of $785.80 million. During the same period last year, the business earned $0.52 EPS. Hologic’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Hologic from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Hologic in a research note on Friday, February 9th. Deutsche Bank lowered shares of Hologic from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research note on Friday, January 19th. Canaccord Genuity reiterated a “buy” rating and set a $48.00 price target on shares of Hologic in a research note on Friday, February 9th. Finally, Evercore ISI assumed coverage on shares of Hologic in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.00.

Shares of Hologic (NASDAQ:HOLX) opened at $38.46 on Friday. Hologic has a one year low of $35.33 and a one year high of $46.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.25. The company has a market cap of $10,629.78, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.73 and a beta of 0.84.

In other Hologic news, Director Charles J. Dockendorff acquired 13,000 shares of the stock in a transaction on Thursday, March 15th. The shares were bought at an average cost of $38.80 per share, with a total value of $504,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Namal Nawana acquired 6,600 shares of the stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $37.88 per share, for a total transaction of $250,008.00. Following the completion of the transaction, the director now directly owns 6,954 shares in the company, valued at approximately $263,417.52. The disclosure for this purchase can be found here. Company insiders own 0.79% of the company’s stock.

A number of institutional investors have recently modified their holdings of HOLX. Parnassus Investments CA boosted its holdings in shares of Hologic by 88.6% in the fourth quarter. Parnassus Investments CA now owns 14,240,875 shares of the medical equipment provider’s stock valued at $608,797,000 after acquiring an additional 6,689,454 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hologic by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 6,199,017 shares of the medical equipment provider’s stock valued at $265,008,000 after acquiring an additional 342,239 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Hologic by 28.1% in the fourth quarter. Two Sigma Advisers LP now owns 2,828,311 shares of the medical equipment provider’s stock valued at $120,910,000 after acquiring an additional 620,761 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hologic by 5.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,969,026 shares of the medical equipment provider’s stock valued at $72,243,000 after acquiring an additional 105,360 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Hologic by 46.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,662,053 shares of the medical equipment provider’s stock valued at $71,053,000 after acquiring an additional 523,654 shares in the last quarter. 97.59% of the stock is currently owned by institutional investors.

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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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