Northcoast Research Analysts Boost Earnings Estimates for Henry Schein, Inc. (HSIC)

Henry Schein, Inc. (NASDAQ:HSIC) – Research analysts at Northcoast Research lifted their FY2017 earnings estimates for shares of Henry Schein in a note issued to investors on Friday, Zacks Investment Research reports. Northcoast Research analyst E. Snyder now forecasts that the company will post earnings of $7.24 per share for the year, up from their prior estimate of $7.23. Northcoast Research also issued estimates for Henry Schein’s Q1 2018 earnings at $1.83 EPS, Q3 2018 earnings at $2.05 EPS and FY2018 earnings at $7.97 EPS.

HSIC has been the topic of a number of other research reports. Barrington Research reiterated an “outperform” rating and issued a $196.00 target price (up previously from $185.00) on shares of Henry Schein in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Evercore ISI boosted their price target on Henry Schein from $160.00 to $178.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st. Stifel Nicolaus upped their target price on Henry Schein from $174.00 to $178.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $165.00 target price on shares of Henry Schein in a report on Tuesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $181.42.

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

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Henry Schein (NASDAQ:HSIC) traded up 0.58% during trading on Monday, reaching $178.08. 190,725 shares of the company’s stock traded hands. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 27.06 and a beta of 1.02. The company has a 50 day moving average of $172.24 and a 200 day moving average of $163.34. Henry Schein has a one year low of $146.23 and a one year high of $183.00.

Henry Schein (NASDAQ:HSIC) last posted its earnings results on Tuesday, May 9th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.11. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Henry Schein had a net margin of 4.40% and a return on equity of 18.15%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS.

Several hedge funds have recently bought and sold shares of HSIC. Quantitative Investment Management LLC acquired a new stake in Henry Schein during the third quarter valued at approximately $4,579,000. Alecta Pensionsforsakring Omsesidigt boosted its position in Henry Schein by 4.3% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,103,590 shares of the company’s stock worth $342,864,000 after buying an additional 86,500 shares during the period. Strategy Asset Managers LLC bought a new position in Henry Schein during the third quarter worth $2,340,000. Bradley Foster & Sargent Inc. CT boosted its position in Henry Schein by 2.1% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 32,158 shares of the company’s stock worth $5,241,000 after buying an additional 675 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Henry Schein by 47.4% in the third quarter. State of Wisconsin Investment Board now owns 80,487 shares of the company’s stock worth $13,118,000 after buying an additional 25,900 shares during the period. 90.91% of the stock is owned by institutional investors and hedge funds.

In other news, Director Philip A. Laskawy sold 1,103 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $171.51, for a total transaction of $189,175.53. Following the sale, the director now owns 13,872 shares of the company’s stock, valued at approximately $2,379,186.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Paladino sold 13,072 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $173.40, for a total value of $2,266,684.80. Following the sale, the chief financial officer now directly owns 76,433 shares in the company, valued at approximately $13,253,482.20. The disclosure for this sale can be found here. Insiders have sold a total of 80,248 shares of company stock worth $13,853,340 in the last three months. Corporate insiders own 1.27% of the company’s stock.

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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