Henry Schein, Inc. Forecasted to Post FY2021 Earnings of $11.30 Per Share (HSIC)
Henry Schein, Inc. (NASDAQ:HSIC) – Investment analysts at Gabelli issued their FY2021 earnings per share estimates for shares of Henry Schein in a report issued on Tuesday. Gabelli analyst K. Kedra forecasts that the brokerage will post earnings of $11.30 per share for the year. Gabelli has a “Buy” rating and a $208.00 price objective on the stock.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. The company earned $2.87 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Henry Schein had a net margin of 4.40% and a return on equity of 18.15%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share.
A number of other equities analysts have also recently weighed in on HSIC. Robert W. Baird raised Henry Schein from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $164.00 to $170.00 in a report on Tuesday, January 3rd. Zacks Investment Research cut Henry Schein from a “hold” rating to a “sell” rating in a report on Monday. Northcoast Research cut Henry Schein from a “buy” rating to a “neutral” rating in a report on Tuesday, December 6th. Leerink Swann reaffirmed a “hold” rating on shares of Henry Schein in a report on Thursday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) raised Henry Schein from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Henry Schein currently has an average rating of “Hold” and a consensus price target of $178.28.
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Henry Schein (NASDAQ:HSIC) traded down 0.21% on Wednesday, hitting $157.76. 614,091 shares of the stock traded hands. The stock has a 50-day moving average price of $152.40 and a 200 day moving average price of $162.18. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 26.20 and a beta of 1.04. Henry Schein has a 1-year low of $142.64 and a 1-year high of $183.00.
Several large investors have recently bought and sold shares of HSIC. LMR Partners LLP boosted its stake in Henry Schein by 220.5% in the second quarter. LMR Partners LLP now owns 7,765 shares of the company’s stock valued at $1,373,000 after buying an additional 5,342 shares in the last quarter. Montag & Caldwell LLC boosted its stake in Henry Schein by 0.3% in the second quarter. Montag & Caldwell LLC now owns 2,700 shares of the company’s stock valued at $477,000 after buying an additional 7 shares in the last quarter. Artemis Investment Management LLP boosted its stake in Henry Schein by 97.5% in the second quarter. Artemis Investment Management LLP now owns 111,236 shares of the company’s stock valued at $19,666,000 after buying an additional 54,920 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Henry Schein by 0.3% in the second quarter. Retirement Systems of Alabama now owns 41,838 shares of the company’s stock valued at $7,397,000 after buying an additional 105 shares in the last quarter. Finally, Wagner Bowman Management Corp bought a new stake in Henry Schein during the second quarter valued at approximately $231,000. 91.29% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Kurt P. Kuehn purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was purchased at an average price of $151.41 per share, with a total value of $151,410.00. Following the completion of the acquisition, the director now owns 2,039 shares in the company, valued at $308,724.99. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark E. Mlotek sold 2,417 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $155.19, for a total value of $375,094.23. Following the completion of the sale, the executive vice president now directly owns 40,456 shares of the company’s stock, valued at approximately $6,278,366.64. The disclosure for this sale can be found here. 1.27% of the stock is owned by corporate insiders.
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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