Brokerages forecast that Henry Schein, Inc. (NASDAQ:HSIC) will post earnings per share (EPS) of $1.66 for the current quarter, Zacks reports. Nine analysts have made estimates for Henry Schein’s earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.70. Henry Schein reported earnings per share of $1.41 during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.7%. The company is scheduled to announce its next earnings report on Tuesday, May 2nd.
On average, analysts expect that Henry Schein will report full year earnings of $7.25 per share for the current financial year, with EPS estimates ranging from $7.22 to $7.30. For the next fiscal year, analysts forecast that the company will post earnings of $8.01 per share, with EPS estimates ranging from $7.90 to $8.30. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Henry Schein.
Henry Schein (NASDAQ:HSIC) last released its earnings results on Tuesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.03. The company earned $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. Henry Schein had a return on equity of 18.15% and a net margin of 4.40%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share.
Several research firms recently weighed in on HSIC. Craig Hallum began coverage on shares of Henry Schein in a research report on Tuesday. They issued a “hold” rating for the company. Deutsche Bank AG began coverage on shares of Henry Schein in a research report on Wednesday, March 15th. They issued a “hold” rating and a $174.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and issued a $165.00 price objective on shares of Henry Schein in a research report on Tuesday, February 28th. Leerink Swann set a $183.00 price objective on shares of Henry Schein and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $180.84.
In other Henry Schein news, SVP Lorelei Mcglynn sold 9,300 shares of Henry Schein stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $171.76, for a total transaction of $1,597,368.00. Following the completion of the sale, the senior vice president now owns 33,048 shares of the company’s stock, valued at approximately $5,676,324.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald J. Kabat sold 4,334 shares of Henry Schein stock in a transaction on Monday, February 27th. The stock was sold at an average price of $173.62, for a total transaction of $752,469.08. Following the sale, the director now directly owns 10,729 shares of the company’s stock, valued at approximately $1,862,768.98. The disclosure for this sale can be found here. Insiders have sold a total of 67,670 shares of company stock valued at $11,650,932 in the last ninety days. Company insiders own 1.27% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HSIC. Mitsubishi UFJ Trust & Banking Corp raised its stake in Henry Schein by 1.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 194,267 shares of the company’s stock worth $31,662,000 after buying an additional 3,616 shares in the last quarter. Baird Financial Group Inc. raised its stake in Henry Schein by 3.2% in the fourth quarter. Baird Financial Group Inc. now owns 35,994 shares of the company’s stock worth $5,461,000 after buying an additional 1,113 shares in the last quarter. Emerald Acquisition Ltd. raised its stake in Henry Schein by 23.8% in the third quarter. Emerald Acquisition Ltd. now owns 173,263 shares of the company’s stock worth $28,237,000 after buying an additional 33,350 shares in the last quarter. United Services Automobile Association raised its stake in Henry Schein by 4.1% in the third quarter. United Services Automobile Association now owns 42,075 shares of the company’s stock worth $6,857,000 after buying an additional 1,676 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in Henry Schein by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 258,553 shares of the company’s stock worth $39,225,000 after buying an additional 11,270 shares in the last quarter. 90.91% of the stock is owned by hedge funds and other institutional investors.
Henry Schein (NASDAQ:HSIC) traded down 0.52% during mid-day trading on Monday, hitting $167.85. The stock had a trading volume of 217,649 shares. The company has a 50-day moving average price of $170.79 and a 200 day moving average price of $160.43. The company has a market cap of $13.29 billion, a P/E ratio of 27.12 and a beta of 1.02. Henry Schein has a 1-year low of $146.23 and a 1-year high of $183.00.
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About Henry Schein
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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