Henry Schein, Inc. (NASDAQ:HSIC) – Analysts at Leerink Swann boosted their FY2018 earnings per share estimates for Henry Schein in a research report issued on Tuesday. Leerink Swann analyst D. Larsen now expects that the company will post earnings of $4.10 per share for the year, up from their previous forecast of $3.85. Leerink Swann currently has a “Hold” rating and a $75.00 target price on the stock.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.97. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.30 billion. Henry Schein had a net margin of 3.26% and a return on equity of 19.70%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share.
Other equities research analysts have also issued reports about the stock. Stephens assumed coverage on shares of Henry Schein in a report on Tuesday, November 28th. They set an “equal weight” rating and a $76.00 price target for the company. TheStreet lowered shares of Henry Schein from a “b” rating to a “c+” rating in a report on Monday, November 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $77.00 price target (down from $79.00) on shares of Henry Schein in a report on Thursday, February 15th. Credit Suisse Group reaffirmed a “neutral” rating and set a $80.00 price target (down from $87.50) on shares of Henry Schein in a report on Tuesday, November 28th. Finally, Royal Bank of Canada lowered their price target on shares of Henry Schein from $91.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Henry Schein currently has an average rating of “Hold” and an average target price of $83.57.
Henry Schein (HSIC) traded down $0.71 on Friday, reaching $67.97. 1,891,700 shares of the company were exchanged, compared to its average volume of 2,118,850. The firm has a market cap of $10,555.72, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. Henry Schein has a 1-year low of $63.01 and a 1-year high of $93.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 1.45.
In other Henry Schein news, Director Barry J. Alperin sold 5,796 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $70.76, for a total transaction of $410,124.96. Following the transaction, the director now directly owns 48,172 shares in the company, valued at approximately $3,408,650.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HSIC. FTB Advisors Inc. lifted its position in shares of Henry Schein by 100.0% in the 3rd quarter. FTB Advisors Inc. now owns 1,484 shares of the company’s stock worth $120,000 after buying an additional 742 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Henry Schein by 56.7% in the 3rd quarter. Trust Co. of Vermont now owns 1,702 shares of the company’s stock worth $140,000 after buying an additional 616 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Henry Schein in the 4th quarter worth about $141,000. Lee Financial Co lifted its position in shares of Henry Schein by 100.0% in the 3rd quarter. Lee Financial Co now owns 1,756 shares of the company’s stock worth $144,000 after buying an additional 878 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Henry Schein by 430.1% in the 4th quarter. Advisory Services Network LLC now owns 2,099 shares of the company’s stock worth $147,000 after buying an additional 1,703 shares during the last quarter. Hedge funds and other institutional investors own 88.58% of the company’s stock.
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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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