$3.04 Billion in Sales Expected for Henry Schein, Inc. (NASDAQ:HSIC) This Quarter
Brokerages predict that Henry Schein, Inc. (NASDAQ:HSIC) will announce sales of $3.04 billion for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Henry Schein’s earnings, with estimates ranging from $3.00 billion to $3.11 billion. Henry Schein posted sales of $2.87 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Henry Schein will report full-year sales of $3.04 billion for the current financial year, with estimates ranging from $12.11 billion to $12.34 billion. For the next year, analysts anticipate that the business will post sales of $12.89 billion per share, with estimates ranging from $12.75 billion to $13.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Henry Schein.
Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.11. Henry Schein had a return on equity of 19.74% and a net margin of 4.53%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm earned $1.41 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis.
Several analysts have commented on HSIC shares. Stifel Nicolaus upped their target price on shares of Henry Schein from $174.00 to $178.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Henry Schein from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research report on Thursday, May 25th. Piper Jaffray Companies started coverage on shares of Henry Schein in a research report on Monday, June 12th. They set a “neutral” rating and a $200.00 target price for the company. Craig Hallum started coverage on shares of Henry Schein in a research report on Tuesday, April 11th. They set a “hold” rating for the company. Finally, Credit Suisse Group reiterated a “hold” rating and set a $160.00 target price on shares of Henry Schein in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Henry Schein presently has an average rating of “Hold” and an average target price of $182.36.
Henry Schein (NASDAQ:HSIC) opened at 184.52 on Friday. Henry Schein has a 12 month low of $146.23 and a 12 month high of $186.99. The stock’s 50 day moving average price is $182.32 and its 200 day moving average price is $169.72. The firm has a market capitalization of $14.64 billion, a PE ratio of 28.04 and a beta of 1.09.
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In other news, EVP Gerald A. Benjamin sold 12,578 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $175.10, for a total transaction of $2,202,407.80. Following the completion of the transaction, the executive vice president now directly owns 44,061 shares in the company, valued at approximately $7,715,081.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.27% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. SpiderRock Advisors LLC acquired a new position in Henry Schein during the first quarter worth approximately $102,000. JNBA Financial Advisors acquired a new position in Henry Schein during the first quarter worth approximately $170,000. Westside Investment Management Inc. purchased a new stake in shares of Henry Schein during the first quarter valued at about $168,000. Peddock Capital Advisors LLC increased its stake in shares of Henry Schein by 29.1% in the first quarter. Peddock Capital Advisors LLC now owns 1,097 shares of the company’s stock valued at $186,000 after buying an additional 247 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Henry Schein by 5.7% in the first quarter. Van ECK Associates Corp now owns 1,138 shares of the company’s stock valued at $193,000 after buying an additional 61 shares during the period. Institutional investors own 90.73% of the company’s stock.
Henry Schein Company Profile
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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