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Saturday, June 3, 2023

Is Henry Schein Inc. (NASDAQ: HSIC) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Henry Schein Inc. (HSIC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.88, or -3.84%, to $72.20. The Henry Schein Inc. has recorded 70,055 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Stanley M. Bergman Delivers Commencement Address at the University of North Carolina at Chapel Hill Adams School of Dentistry.

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Stocks Info

This NASDAQ-listed company operates within the Medical Distribution industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $75.08 and fluctuated between $75.39 as its day high and $74.31 as its day low. The current market capitalization of Henry Schein Inc. is $9.79B. A total of 0.59 million shares were traded on the day, compared to an average of 838.22K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HSIC has seen 30 BUY and 45 SELL insider trades, representing the acquisition of 255,693 and the disposition of 334,935 shares. Over the last 12 months, there were 31 BUYs and 60 SELLs from insiders. Insiders purchased 257,842 shares during that period but sold 467,618.

In the most recent transaction, Ettinger Michael S sold 14,881 shares of HSIC for 75.12 per share on May 24. After the transaction, the EVP & Chief Operating Officer now owns 75,710 company shares. In a previous transaction on May 19, MLOTEK MARK E sold 24,747 shares at 76.68 per share. HSIC shares that EVP, Chief Strategic Officer owns now total 69,138.

Among the insiders who sold shares, KUEHN KURT P disposed of 1,909 shares on Mar 16 at a per-share price of $77.46. This resulted in the Director holding 15,675 shares of HSIC after the transaction. In another insider transaction, Siegel Walter sold 5,000 shares at $78.62 per share on Mar 06. Company shares held by the Sr. VP & Chief Legal Officer now total 41,234.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HSIC in the last 3 months, the mean price target is $83.69 with high estimates of $96.00 and low estimates of $69.00. In terms of 52-week highs and lows, HSIC has a high of $89.72 and a low of $64.75.

As of this writing, HSIC has an earnings estimate of $1.27 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.34 per share and a lower estimate of $1.14. The company reported an EPS of $1.35 in the last quarter, which was 11.60% higher than expectations of $1.21.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HSIC’s latest balance sheet shows that the firm has $117.97M in Cash & Short Term Investments as of fiscal 2021. There were $1.22B in debt and $2.31B in liabilities at the time. Its Book Value Per Share was $26.43, while its Total Shareholder’s Equity was $4.06B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HSIC is Buy with a score of 3.09.

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