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Profitable Growth Track Record: Hologic Inc. (HOLX)

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Needham raised the price target for the Hologic Inc. (NASDAQ:HOLX) stock from “a Buy” to “a Hold”. The rating was released on November 20, 2020. We previously noted in another research note published on November 05, 2020 by Needham that reiterated the stock to a Buy with a price target of $88 for HOLX stock. The research report from Cowen has upgraded the stock from Market Perform to Outperform, with a price target set at $64. The stock was upgraded by Raymond James, who disclosed in a research note on June 03, 2020, from Mkt Perform to Outperform and set the price objective to $62. In their research brief published April 30, 2020, SVB Leerink analysts upgraded the Hologic Inc. stock from Mkt Perform to Outperform with a price target of $62.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $2.59 during the last quarter as opposed to a consensus estimate of $2.62, which indicates the company missed its estimate by -$0.03, which implies that the company surprised the market by -1.10%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $1.11. This is an average of 15 analysts’ earnings, where the high earnings per share estimate is $1.23 and the low earnings per share estimate is $1.07. According to 13 analyst estimates, an average revenue estimate of $1.04B is projected for the current quarter with a high revenue estimate of $1.08B and a low estimate of $1.03B.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Hologic Inc. (NASDAQ:HOLX) raised 0.84% to close Thursday’s market session at $63.29, higher as compared to yesterday’s close. The stock price fluctuated between $62.49 and $63.40 throughout the trading session with the volume trading being 3936337 shares, which represented a significant variation when compared to the three months average volume of 2.27 million shares. The firm’s stock price fluctuated 0.46% within the last five trades and -12.58% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -6.49% in the last 6 months and -12.21% was subtracted to its value over the previous 3 months. HOLX stock is trading at a margin of -1.10%, -9.44% and -10.44% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, HOLX deals in the Healthcare domain. The stock is trading -25.54 percent below its 52-week high and 28.66 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 6.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Hologic Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 46.70 percent and the profit margin is 35.90 percent, and the company has reported a gross margin of 68.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $16.37 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Hologic Inc. (NASDAQ:HOLX) is 8.69. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.04. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.08 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.31, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.10 percent of Hologic Inc. shares are owned by insiders, and 97.50 percent are held by financial institutions. Daugherty Sean S., the Group President, BSH & Surg. at Hologic Inc. (HOLX) has sold 4,001 shares of firm on May 10 at a price of $65.02 against the total amount of $0.26 million. In another inside trade, Bebo Allison P, SVP, Human Resources of Hologic Inc. (NASDAQ:HOLX) sold 6,100 shares of the firm on Feb 05 for a total worth of $0.51 million at a price of $84.06. An inside trade which took place on Feb 04, Principal Accounting Officer of Hologic Inc. COHN BENJAMIN JORDAN sold 8,396 shares of firm against total price of $0.71 million at the cost of $84.31 per share.

How Hologic Inc. (HOLX) Stock Is Sustainable?

To Conclude, the score of Environmental, Social and Governance (ESG) has been traditionally used by investors to measure the actions of corporations and to make their future financial predictions. According to the ESG rating scale, there are five hazard levels in the scale: marginal, weak, moderate, high, and extreme. The next generation ESG score is a scale from 0 to 100 where 100 represents the most extreme situation. The score was designed to assist investors at safety and investment level in identifying and recognizing financially relevant ESG threats. A current assessment of the Hologic Inc.’s sustainability factors indicates that it scores at 59 or 59th percentile overall, with an Environment Score of 4 or 4 percentile, a Social Score of 14 or 14 percentile, and a Governance Score of 12 or 12 percentile.

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