Henry Schein (HSIC) is Initiated by BofA/Merrill to Buy

Henry Schein (HSIC) was Initiated by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Sep 12, 2016.

On the company’s financial health, Henry Schein reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.63. The company had revenue of $2872.60 million for the quarter, compared to analysts expectations of $2845.09 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Henry Schein opened for trading at $164.17 and hit $165.25 on the upside on Wednesday, eventually ending the session at $164.42, with a gain of 0.07% or 0.11 points. The heightened volatility saw the trading volume jump to 297,749 shares. Company has a market cap of $13,449 M.

In a different news, on Aug 31, 2016, Paul Brons (director) sold 3,381 shares at $164.03 per share price. According to the SEC, on Jun 3, 2016, Gerald A Benjamin (EVP, Chief Admin. Officer) sold 9,991 shares at $175.07 per share price. On May 17, 2016, James A. Harding (SVP, Chief Technology Officer) sold 10,302 shares at $172.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Henry Schein Inc. provides health care products and services to office-based dental animal health and medical practitioners. The Company operates its business through two segments: health care distribution and technology and value-added services. The health care distribution segment distributes consumable products laboratory products equipment repair services branded and generic pharmaceuticals vaccines surgical products diagnostic tests infection-control products and vitamins among others. The Company’s global technology and value-added services segment provides software technology and other value-added services to health care practitioners. Its offerings include practice management software systems for dental and medical practitioners and animal health clinics. Its value-added practice solutions include financial services on a non-recourse basis e-services practice technology network and hardware services as well as continuing education services for practitioners.

Henry Schein

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