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Trade-Ideas: Hologic (HOLX) Is Today's Post-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Hologic ( HOLX) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Hologic as such a stock due to the following factors:

  • HOLX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $56.0 million.
  • HOLX is up 5% today from today's close.

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More details on HOLX:

Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women. Currently there are 7 analysts that rate Hologic a buy, 1 analyst rates it a sell, and 11 rate it a hold.

The average volume for Hologic has been 4.5 million shares per day over the past 30 days. Hologic has a market cap of $5.8 billion and is part of the health care sector and health services industry. The stock has a beta of 1.58 and a short float of 7.6% with 5.19 days to cover. Shares are down 6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Hologic as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 24.3%. Since the same quarter one year prior, revenues slightly increased by 3.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for HOLOGIC INC is rather high; currently it is at 59.32%. Regardless of HOLX's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, HOLX's net profit margin of -179.04% significantly underperformed when compared to the industry average.
  • HOLOGIC INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, HOLOGIC INC reported poor results of -$4.33 versus -$0.27 in the prior year. This year, the market expects an improvement in earnings ($1.36 versus -$4.33).
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Health Care Equipment & Supplies industry and the overall market, HOLOGIC INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Health Care Equipment & Supplies industry. The net income has significantly decreased by 1332.3% when compared to the same quarter one year ago, falling from -$77.77 million to -$1,113.90 million.

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