Brokers Set Expectations for Henry Schein Inc.’s Q4 2016 Earnings (HSIC)
Henry Schein Inc. (NASDAQ:HSIC) – William Blair raised their Q4 2016 earnings per share (EPS) estimates for shares of Henry Schein in a research note issued on Monday. William Blair analyst J. Kreger now anticipates that the firm will post earnings of $1.87 per share for the quarter, up from their previous estimate of $1.86.
A number of other brokerages also recently commented on HSIC. Zacks Investment Research downgraded shares of Henry Schein from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. Bank of America Corp. initiated coverage on shares of Henry Schein in a research note on Monday, September 12th. They issued a “buy” rating and a $185.00 price objective for the company. Robert W. Baird reissued an “outperform” rating and issued a $176.00 price objective (up previously from $175.00) on shares of Henry Schein in a research note on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. raised shares of Henry Schein from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $160.50.
Henry Schein (NASDAQ:HSIC) traded down 0.86% during trading on Thursday, hitting $157.09. The stock had a trading volume of 295,667 shares. The company’s 50 day moving average is $162.49 and its 200 day moving average is $170.27. The firm has a market cap of $12.85 billion, a PE ratio of 26.61 and a beta of 1.05. Henry Schein has a 52-week low of $140.11 and a 52-week high of $183.00.
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Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS.
In other news, Director Paul Brons sold 3,381 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $164.03, for a total transaction of $554,585.43. Following the sale, the director now directly owns 13,715 shares of the company’s stock, valued at $2,249,671.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.27% of the company’s stock.
Several large investors have recently made changes to their positions in HSIC. Artemis Investment Management LLP raised its stake in shares of Henry Schein by 97.5% in the second quarter. Artemis Investment Management LLP now owns 111,236 shares of the company’s stock worth $19,666,000 after buying an additional 54,920 shares during the period. Bank of Montreal Can acquired a new stake in Henry Schein during the second quarter valued at approximately $32,344,000. Zurich Insurance Group Ltd FI acquired a new stake in Henry Schein during the first quarter valued at approximately $3,204,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in Henry Schein by 60.0% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,586 shares of the company’s stock valued at $446,000 after buying an additional 970 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in Henry Schein by 23.4% in the second quarter. Eqis Capital Management Inc. now owns 1,639 shares of the company’s stock valued at $290,000 after buying an additional 311 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
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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