$1.79 Earnings Per Share Expected for Henry Schein, Inc. (HSIC) This Quarter
Wall Street analysts forecast that Henry Schein, Inc. (NASDAQ:HSIC) will announce earnings per share of $1.79 for the current quarter, Zacks reports. Eight analysts have made estimates for Henry Schein’s earnings, with the highest EPS estimate coming in at $1.85 and the lowest estimate coming in at $1.75. Henry Schein reported earnings of $1.68 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The firm is scheduled to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Henry Schein will report full-year earnings of $7.27 per share for the current financial year, with EPS estimates ranging from $7.23 to $7.34. For the next fiscal year, analysts forecast that the firm will report earnings of $8.03 per share, with EPS estimates ranging from $7.90 to $8.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Henry Schein.
Henry Schein (NASDAQ:HSIC) last released its earnings results on Tuesday, August 8th. The company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of Henry Schein in a research note on Monday, June 12th. They set a “neutral” rating and a $200.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $177.00 target price on shares of Henry Schein in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Henry Schein from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Credit Suisse Group reaffirmed a “hold” rating and set a $160.00 target price on shares of Henry Schein in a report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Henry Schein in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $186.50.
In other Henry Schein news, SVP Paul Rose sold 2,126 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $172.51, for a total value of $366,756.26. Following the completion of the sale, the senior vice president now owns 17,841 shares of the company’s stock, valued at approximately $3,077,750.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.27% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its holdings in Henry Schein by 5.2% in the 2nd 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 period. Sun Life Financial INC boosted its holdings in Henry Schein by 8,185.7% in the 2nd 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 period. Lee Financial Co bought a new stake in Henry Schein in the 2nd quarter valued at about $161,000. Westside Investment Management Inc. bought a new stake in Henry Schein in the 1st quarter valued at about $168,000. Finally, JNBA Financial Advisors bought a new stake in Henry Schein in the 1st quarter valued at about $170,000. 89.11% of the stock is owned by hedge funds and other institutional investors.
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Henry Schein (NASDAQ HSIC) traded up 0.29% during midday trading on Friday, hitting $175.34. 394,256 shares of the company traded hands. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 25.62 and a beta of 1.10. The stock’s 50-day moving average price is $174.96 and its 200 day moving average price is $176.25. 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 on the morning of 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.
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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