Q3 2016 Earnings Forecast for Henry Schein Inc. (HSIC) Issued By William Blair
Henry Schein Inc. (NASDAQ:HSIC) – Stock analysts at William Blair lowered their Q3 2016 earnings estimates for shares of Henry Schein in a report issued on Monday. William Blair analyst J. Kreger now anticipates that the firm will post earnings per share of $1.65 for the quarter, down from their prior forecast of $1.66. William Blair also issued estimates for Henry Schein’s FY2016 earnings at $6.56 EPS and FY2018 earnings at $7.97 EPS.
HSIC has been the topic of several other reports. Zacks Investment Research downgraded Henry Schein from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Bank of America Corp. started coverage on Henry Schein in a report on Monday, September 12th. They set a “buy” rating and a $185.00 price objective on the stock. Robert W. Baird restated an “outperform” rating and set a $176.00 price objective (up from $175.00) on shares of Henry Schein in a report on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. upgraded Henry Schein from a “neutral” rating to a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $157.92.
Shares of Henry Schein (NASDAQ:HSIC) traded up 0.03% on Wednesday, hitting $158.67. The stock had a trading volume of 174,652 shares. The company has a market cap of $12.98 billion, a P/E ratio of 26.88 and a beta of 1.05. Henry Schein has a 12 month low of $140.11 and a 12 month high of $183.00. The company’s 50 day moving average price is $162.55 and its 200-day moving average price is $170.36.
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Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. Henry Schein had a return on equity of 17.84% and a net margin of 4.42%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share.
A number of hedge funds have recently modified their holdings of HSIC. Advisor Group Inc. purchased a new stake in shares of Henry Schein during the second quarter worth approximately $106,000. Global X Management Co. LLC boosted its stake in shares of Henry Schein by 18.7% in the second quarter. Global X Management Co. LLC now owns 661 shares of the company’s stock worth $117,000 after buying an additional 104 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Henry Schein by 29.1% in the second quarter. Van ECK Associates Corp now owns 727 shares of the company’s stock worth $129,000 after buying an additional 164 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Henry Schein by 0.4% in the second quarter. Quadrant Capital Group LLC now owns 742 shares of the company’s stock worth $128,000 after buying an additional 3 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of Henry Schein by 108.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,018 shares of the company’s stock worth $180,000 after buying an additional 530 shares in the last quarter. 91.98% of the stock is owned by institutional investors.
In other Henry Schein news, Director Paul Brons sold 3,381 shares of Henry Schein stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $164.03, for a total transaction of $554,585.43. Following the completion of the sale, the director now owns 13,715 shares of the company’s stock, valued at approximately $2,249,671.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.27% of the company’s stock.
Henry Schein Company Profile
Henry Schein, Inc is a provider of health care products and services to office-based dental, animal health and medical practitioners. The Company’s segments include healthcare distribution, and technology and value-added services. The healthcare distribution segment aggregates its global dental, animal health and medical operating segments.
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