Henry Schein, Inc. (NASDAQ:HSIC) – Barrington Research upped their Q4 2017 earnings per share (EPS) estimates for shares of Henry Schein in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Barrington Research analyst M. Petusky now anticipates that the company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $1.00. Barrington Research also issued estimates for Henry Schein’s Q1 2018 earnings at $0.94 EPS.
A number of other equities research analysts have also recently weighed in on the company. Credit Suisse Group reaffirmed a “hold” rating and set a $87.50 price target on shares of Henry Schein in a report on Tuesday, August 29th. Piper Jaffray Companies upgraded Henry Schein from a “neutral” rating to an “overweight” rating in a research report on Friday, September 15th. Morgan Stanley assumed coverage on Henry Schein in a research report on Thursday, September 21st. They issued an “equal weight” rating and a $88.00 price objective on the stock. UBS AG reiterated a “buy” rating on shares of Henry Schein in a research report on Friday, September 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price objective on shares of Henry Schein in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $89.88.
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Henry Schein (NASDAQ HSIC) traded down $2.61 during mid-day trading on Thursday, reaching $67.05. The company had a trading volume of 5,071,400 shares, compared to its average volume of 2,296,728. Henry Schein has a 12-month low of $67.02 and a 12-month high of $93.50. The firm has a market cap of $10,523.77, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 0.85.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Monday, November 6th. The company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.03). Henry Schein had a net margin of 4.52% and a return on equity of 19.71%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis.
Henry Schein announced that its board has initiated a stock buyback plan on Monday, September 18th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, SVP Paul Rose sold 2,126 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $172.51, for a total value of $366,756.26. Following the transaction, the senior vice president now directly owns 17,841 shares in the company, valued at approximately $3,077,750.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.19% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of Henry Schein by 112.0% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,313,980 shares of the company’s stock valued at $435,693,000 after purchasing an additional 2,806,990 shares during the period. Janus Henderson Group PLC raised its stake in shares of Henry Schein by 394.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,465,303 shares of the company’s stock valued at $268,173,000 after purchasing an additional 1,168,763 shares during the period. Swedbank raised its stake in shares of Henry Schein by 84.9% in the 3rd quarter. Swedbank now owns 2,358,594 shares of the company’s stock valued at $193,381,000 after purchasing an additional 1,083,115 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Henry Schein by 102.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,529,279 shares of the company’s stock valued at $125,387,000 after purchasing an additional 775,483 shares during the period. Finally, TimesSquare Capital Management LLC raised its stake in shares of Henry Schein by 131.7% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,082,600 shares of the company’s stock valued at $88,762,000 after purchasing an additional 615,300 shares during the period. Hedge funds and other institutional investors own 48.16% 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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