Brokers Offer Predictions for Henry Schein, Inc.’s FY2020 Earnings (HSIC)
Henry Schein, Inc. (NASDAQ:HSIC) – Gabelli lifted their FY2020 EPS estimates for Henry Schein in a research report issued to clients and investors on Monday. Gabelli analyst K. Kedra now anticipates that the company will earn $5.00 per share for the year, up from their previous estimate of $4.98.
Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.05 billion. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share.
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Several other brokerages have also recently issued reports on HSIC. Zacks Investment Research cut shares of Henry Schein from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Northcoast Research raised shares of Henry Schein from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Monday, August 7th. Robert W. Baird set a $95.00 price objective on shares of Henry Schein and gave the stock a “buy” rating in a research note on Thursday, October 19th. UBS AG reaffirmed a “buy” rating on shares of Henry Schein in a research note on Friday, September 15th. Finally, Piper Jaffray Companies raised shares of Henry Schein from a “neutral” rating to an “overweight” rating in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Henry Schein presently has an average rating of “Hold” and a consensus target price of $92.89.
Henry Schein announced that its board has initiated a share buyback plan on Monday, September 18th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, SVP Paul Rose sold 2,126 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $172.51, for a total transaction of $366,756.26. Following the transaction, the senior vice president now directly owns 17,841 shares of the company’s stock, valued at $3,077,750.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.19% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Eads & Heald Investment Counsel grew its position in Henry Schein by 0.5% during the second quarter. Eads & Heald Investment Counsel now owns 1,497 shares of the company’s stock valued at $274,000 after purchasing an additional 8 shares in the last quarter. Intrust Bank NA grew its position in Henry Schein by 1.1% during the second quarter. Intrust Bank NA now owns 1,219 shares of the company’s stock valued at $223,000 after purchasing an additional 13 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Henry Schein by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,894 shares of the company’s stock valued at $1,079,000 after purchasing an additional 19 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in Henry Schein by 5.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 570 shares of the company’s stock valued at $104,000 after purchasing an additional 28 shares in the last quarter. Finally, Sawtooth Solutions LLC grew its position in Henry Schein by 2.4% during the second quarter. Sawtooth Solutions LLC now owns 1,347 shares of the company’s stock valued at $247,000 after purchasing an additional 32 shares in the last quarter. 47.48% of the stock is currently owned by hedge funds and other institutional investors.
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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