Equities analysts predict that Henry Schein, Inc. (NASDAQ:HSIC) will report $3.31 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Henry Schein’s earnings. The highest sales estimate is $3.36 billion and the lowest is $3.21 billion. Henry Schein reported sales of $3.12 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 20th.
On average, analysts expect that Henry Schein will report full year sales of $3.31 billion for the current fiscal year, with estimates ranging from $12.29 billion to $12.54 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $13.20 billion per share, with estimates ranging from $12.99 billion to $13.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Henry Schein.
Henry Schein (NASDAQ:HSIC) last announced 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). The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.05 billion. Henry Schein had a net margin of 4.52% and a return on equity of 19.71%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS.
Shares of Henry Schein (NASDAQ:HSIC) traded down $0.01 during mid-day trading on Friday, hitting $68.69. 1,311,100 shares of the stock were exchanged, compared to its average volume of 1,247,927. Henry Schein has a fifty-two week low of $65.28 and a fifty-two week high of $93.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 1.55. The stock has a market cap of $11,030.00, a P/E ratio of 19.27, a PEG ratio of 1.93 and a beta of 0.99.
Henry Schein announced that its board has authorized a stock buyback program on Monday, September 18th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In other news, Director Barry J. Alperin sold 5,796 shares of Henry Schein stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $70.76, for a total value of $410,124.96. Following the completion of the transaction, the director now directly owns 48,172 shares of the company’s stock, valued at approximately $3,408,650.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.19% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC boosted its stake in Henry Schein by 96.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 426,460 shares of the company’s stock valued at $34,965,000 after purchasing an additional 209,840 shares during the period. AXA boosted its stake in Henry Schein by 105.2% during the 3rd quarter. AXA now owns 101,768 shares of the company’s stock valued at $8,344,000 after purchasing an additional 52,184 shares during the period. Wagner Bowman Management Corp boosted its stake in Henry Schein by 100.0% during the 3rd quarter. Wagner Bowman Management Corp now owns 2,620 shares of the company’s stock valued at $214,000 after purchasing an additional 1,310 shares during the period. Shelton Capital Management boosted its stake in Henry Schein by 100.0% during the 3rd quarter. Shelton Capital Management now owns 12,450 shares of the company’s stock valued at $1,021,000 after purchasing an additional 6,225 shares during the period. Finally, Visionary Asset Management Inc. acquired a new position in Henry Schein during the 3rd quarter valued at about $208,000. 91.75% of the stock is owned by hedge funds and other institutional investors.
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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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