Analysts Offer Predictions for Henry Schein FY2024 Earnings

Henry Schein, Inc. (NASDAQ:HSIC) – Equities researchers at Leerink Partnrs reduced their FY2024 earnings per share (EPS) estimates for shares of Henry Schein in a research note issued on Wednesday, January 29th. Leerink Partnrs analyst M. Cherny now forecasts that the company will post earnings per share of $4.74 for the year, down from their previous estimate of $4.81. The consensus estimate for Henry Schein’s current full-year earnings is $4.78 per share. Leerink Partnrs also issued estimates for Henry Schein’s Q4 2024 earnings at $1.19 EPS, Q1 2025 earnings at $1.19 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.25 EPS, Q4 2025 earnings at $1.32 EPS, FY2025 earnings at $5.00 EPS, FY2026 earnings at $5.57 EPS and FY2027 earnings at $6.19 EPS.

Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Tuesday, November 5th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on HSIC. Bank of America raised Henry Schein from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $69.00 to $84.00 in a report on Monday, January 6th. Evercore ISI upped their price objective on Henry Schein from $70.00 to $74.00 and gave the stock an “in-line” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their target price on shares of Henry Schein from $77.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barrington Research upped their price target on shares of Henry Schein from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Henry Schein has an average rating of “Moderate Buy” and an average target price of $80.10.

Henry Schein Stock Performance

Shares of NASDAQ HSIC opened at $80.03 on Thursday. The firm’s fifty day moving average is $73.31 and its two-hundred day moving average is $71.34. Henry Schein has a 52-week low of $63.67 and a 52-week high of $82.63. The company has a market cap of $9.98 billion, a P/E ratio of 32.93, a P/E/G ratio of 2.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.42.

Hedge Funds Weigh In On Henry Schein

A number of institutional investors have recently modified their holdings of HSIC. Cromwell Holdings LLC increased its holdings in Henry Schein by 93.4% during the 3rd quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares during the period. Versant Capital Management Inc grew its position in shares of Henry Schein by 274.6% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the company’s stock worth $32,000 after buying an additional 335 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Henry Schein by 91.2% in the fourth quarter. Quent Capital LLC now owns 677 shares of the company’s stock valued at $47,000 after acquiring an additional 323 shares in the last quarter. City State Bank purchased a new stake in Henry Schein in the fourth quarter worth about $55,000. Finally, Farther Finance Advisors LLC grew its holdings in Henry Schein by 58.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock worth $68,000 after acquiring an additional 346 shares in the last quarter. 96.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Henry Schein

In other Henry Schein news, COO Michael S. Ettinger sold 12,240 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $75.00, for a total value of $918,000.00. Following the completion of the sale, the chief operating officer now directly owns 87,706 shares of the company’s stock, valued at $6,577,950. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is owned by company insiders.

Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, 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.