Hologic, Inc. (HOLX) Forecasted to Earn FY2018 Earnings of $2.23 Per Share
Hologic, Inc. (NASDAQ:HOLX) – Investment analysts at William Blair upped their FY2018 earnings per share estimates for shares of Hologic in a research note issued on Thursday. William Blair analyst B. Weinstein now anticipates that the medical equipment provider will post earnings per share of $2.23 for the year, up from their previous estimate of $2.12. William Blair also issued estimates for Hologic’s FY2019 earnings at $2.49 EPS.
A number of other research firms have also weighed in on HOLX. Bank of America raised shares of Hologic from a “neutral” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, January 4th. BidaskClub lowered shares of Hologic from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $48.00 price target on shares of Hologic in a research report on Thursday, November 9th. Evercore ISI started coverage on shares of Hologic in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $50.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Hologic in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.36.
Hologic (NASDAQ:HOLX) last released its earnings results on Thursday, February 8th. The medical equipment provider reported $0.55 earnings per share for the quarter, topping 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 period last year, the company posted $0.52 EPS. The business’s revenue was up 7.7% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in the company. Employees Retirement System of Texas increased its holdings in Hologic by 80.0% in the 2nd quarter. Employees Retirement System of Texas now owns 18,000 shares of the medical equipment provider’s stock valued at $817,000 after purchasing an additional 8,000 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Hologic by 556.0% in the 2nd quarter. Janus Henderson Group PLC now owns 246,752 shares of the medical equipment provider’s stock valued at $11,197,000 after purchasing an additional 209,138 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in Hologic in the 2nd quarter valued at approximately $1,870,000. Cubist Systematic Strategies LLC acquired a new stake in Hologic in the 2nd quarter valued at approximately $635,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Hologic in the 2nd quarter valued at approximately $1,043,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
In other 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 transaction of $40,756.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.88% of the stock is currently owned by insiders.
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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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