Equities research analysts expect Henry Schein, Inc. (NASDAQ:HSIC) to announce sales of $3.05 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for Henry Schein’s earnings, with the lowest sales estimate coming in at $3.00 billion and the highest estimate coming in at $3.12 billion. Henry Schein reported sales of $2.87 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Henry Schein will report full year sales of $3.05 billion for the current fiscal year, with estimates ranging from $12.17 billion to $12.39 billion. For the next financial year, analysts anticipate that the business will report sales of $12.98 billion per share, with estimates ranging from $12.83 billion to $13.13 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Henry Schein.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.02. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year.
Several analysts have commented on the stock. Credit Suisse Group restated a “hold” rating and set a $175.00 target price on shares of Henry Schein in a report on Tuesday, August 29th. Zacks Investment Research downgraded shares of Henry Schein from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Northcoast Research upgraded shares of Henry Schein from a “neutral” rating to a “buy” rating and set a $218.00 target price on the stock in a report on Monday, August 7th. BidaskClub downgraded shares of Henry Schein from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $177.00 target price on shares of Henry Schein in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $186.50.
In other news, SVP Paul Rose sold 2,126 shares of Henry Schein stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $172.51, for a total value of $366,756.26. Following the sale, the senior vice president now directly owns 17,841 shares in the company, valued at $3,077,750.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Henry Schein by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 570 shares of the company’s stock valued at $104,000 after purchasing an additional 28 shares during the last quarter. Sun Life Financial INC raised its holdings in shares of Henry Schein by 8,185.7% in the second quarter. Sun Life Financial INC now owns 580 shares of the company’s stock valued at $106,000 after purchasing an additional 573 shares during the last quarter. Lee Financial Co acquired a new stake in shares of Henry Schein in the second quarter valued at approximately $161,000. JNBA Financial Advisors acquired a new stake in shares of Henry Schein in the first quarter valued at approximately $170,000. Finally, Westside Investment Management Inc. acquired a new stake in shares of Henry Schein in the first quarter valued at approximately $168,000. Institutional investors own 89.11% of the company’s stock.
Shares of Henry Schein (HSIC) opened at 177.57 on Tuesday. The stock’s 50 day moving average is $174.66 and its 200-day moving average is $176.33. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 25.95 and a beta of 1.10. Henry Schein has a 12-month low of $146.23 and a 12-month high of $186.99. Henry Schein’s stock is scheduled to split before the market opens on Friday, September 15th. The 2-1 split was announced on Wednesday, August 16th. The newly created shares will be issued to shareholders after the closing bell on Thursday, September 14th.
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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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