Hologic (NASDAQ:HOLX) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.55-0.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $800-815 million, compared to the consensus revenue estimate of $819.23 million.Hologic also updated its FY 2019 guidance to $2.38-2.42 EPS.

Several brokerages recently issued reports on HOLX. Piper Jaffray Companies cut their price target on shares of Hologic to $45.00 and set an overweight rating for the company in a report on Thursday. BidaskClub downgraded shares of Hologic from a strong-buy rating to a buy rating in a report on Thursday, October 25th. Morgan Stanley cut their price target on shares of Hologic from $47.00 to $44.00 and set an equal weight rating for the company in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Hologic from a hold rating to a sell rating in a report on Tuesday, October 9th. Finally, UBS Group began coverage on shares of Hologic in a report on Tuesday, October 9th. They set a neutral rating and a $44.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $44.29.

Shares of NASDAQ HOLX traded up $0.79 during trading on Thursday, reaching $42.05. The company had a trading volume of 183,040 shares, compared to its average volume of 1,934,144. Hologic has a 52 week low of $35.10 and a 52 week high of $45.09. The company has a market cap of $11.01 billion, a PE ratio of 20.79, a P/E/G ratio of 1.84 and a beta of 0.65. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 1.12.

Hologic (NASDAQ:HOLX) last announced its earnings results on Wednesday, November 7th. The medical equipment provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). Hologic had a positive return on equity of 22.18% and a negative net margin of 2.47%. The company had revenue of $813.50 million during the quarter, compared to the consensus estimate of $808.63 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Hologic will post 2.24 earnings per share for the current year.

In other Hologic news, Director Sally Crawford sold 13,257 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $39.54, for a total value of $524,181.78. Following the completion of the transaction, the director now directly owns 167,701 shares of the company’s stock, valued at $6,630,897.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christiana Stamoulis sold 30,967 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $40.70, for a total transaction of $1,260,356.90. Following the completion of the transaction, the director now directly owns 66,006 shares of the company’s stock, valued at $2,686,444.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,207 shares of company stock valued at $1,948,992. Insiders own 0.79% of the company’s stock.

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Hologic Company Profile

Hologic, Inc develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States, Europe, the Asia-Pacific, and internationally. The company operates through five segments: Diagnostics, Breast Health, Medical Aesthetics, GYN Surgical, and Skeletal Health.

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Earnings History and Estimates for Hologic (NASDAQ:HOLX)

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