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How Hologic Stock Has Fared in the Last Month

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Dec. 6 2018, Updated 1:50 p.m. ET

Price performance

After rising from $36.53 on April 9, 2018, to $42.91 on July 31, 2018, Hologic (HOLX) stock slid to $37.90 on October 29, 2018. Subsequently, Hologic stock managed to rise to $44.51 on November 28, 2018. Upon touching its high for 2018 at $44.92 on December 3, 2018, the stock corrected to $43.90 on December 4, 2018.

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Financial snapshot

Hologic’s revenue grew by 1.32% from $802.9 million in the fourth quarter of 2017 to $813.5 million in the fourth quarter of 2018. The company’s revenue in the first quarter of 2019 is expected at $811.33 million. The third quarter of calendar year 2018 is the fourth quarter of Hologic’s fiscal 2018.

Its gross margins contracted from 64.12% in the fourth quarter of 2017 to 61.81% in the fourth quarter of 2018. Further, for fiscal 2019 and 2020, Hologic’s gross margins are expected at 62.23% and 62.50%, respectively.

Hologic incurred a net loss of $111.3 million in fiscal 2018. In comparison, the company is expected to generate net income of $319.6 million in fiscal 2019 and $426.81 million in fiscal 2020.

Analysts’ recommendations

In December 2018, of the total 20 analysts covering Hologic, ten analysts have given the stock a “buy” or a higher rating, and ten analysts have given it a “hold” rating. The mean rating for Hologic is 2.3, and its target price is $45.53.

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