Brokerages Expect Henry Schein, Inc. (NASDAQ:HSIC) Will Post Earnings of $1.15 Per Share

Brokerages expect Henry Schein, Inc. (NASDAQ:HSICGet Rating) to report earnings of $1.15 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Henry Schein’s earnings, with estimates ranging from $0.95 to $1.22. Henry Schein reported earnings per share of $1.11 during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Henry Schein will report full year earnings of $4.85 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.91. For the next fiscal year, analysts anticipate that the business will report earnings of $5.21 per share, with EPS estimates ranging from $5.08 to $5.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Henry Schein.

Henry Schein (NASDAQ:HSICGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.11. Henry Schein had a return on equity of 15.84% and a net margin of 5.09%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year.

HSIC has been the subject of several research analyst reports. Barrington Research upped their price target on Henry Schein from $96.00 to $102.00 in a research note on Wednesday, February 16th. Morgan Stanley upped their price target on Henry Schein from $67.00 to $72.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 16th. Piper Sandler dropped their price target on Henry Schein from $98.00 to $95.00 in a research note on Friday, January 28th. Zacks Investment Research lowered Henry Schein from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Tuesday, April 19th. Finally, StockNews.com began coverage on Henry Schein in a research note on Thursday, March 31st. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $94.50.

In related news, EVP Mark E. Mlotek sold 24,075 shares of the stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $82.99, for a total value of $1,997,984.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Philip Serota purchased 1,000 shares of Henry Schein stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average cost of $85.87 per share, with a total value of $85,870.00. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. boosted its holdings in Henry Schein by 6.5% in the first quarter. Advisor Group Holdings Inc. now owns 10,802 shares of the company’s stock valued at $944,000 after purchasing an additional 660 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Henry Schein by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 38,360 shares of the company’s stock worth $3,345,000 after buying an additional 121 shares during the last quarter. Stephens Inc. AR lifted its holdings in Henry Schein by 5.6% during the 1st quarter. Stephens Inc. AR now owns 2,355 shares of the company’s stock worth $205,000 after buying an additional 125 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Henry Schein by 7.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,241 shares of the company’s stock worth $892,000 after buying an additional 687 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Henry Schein by 4.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 55,030 shares of the company’s stock worth $4,798,000 after buying an additional 2,323 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:HSIC opened at $86.42 on Monday. The firm has a market capitalization of $11.93 billion, a PE ratio of 19.38, a P/E/G ratio of 1.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.67 and a quick ratio of 0.86. The business has a 50-day moving average of $87.30 and a two-hundred day moving average of $80.45. Henry Schein has a 12 month low of $70.25 and a 12 month high of $92.68.

Henry Schein Company Profile (Get Rating)

Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, physician practices, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.

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Earnings History and Estimates for Henry Schein (NASDAQ:HSIC)

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