These Analysts Slash Their Forecasts On Henry Schein After Q3 Results

Henry Schein Inc HSIC posted downbeat sales results for its third quarter on Monday.

Henry Schein reported quarterly sales of $3.16 billion, slightly missing the consensus of $3.21 billion. Adjusted EPS of $1.32, up 2.3% Y/Y, in line with the estimate.

Henry Schein updated its FY23 adjusted EPS guidance to $4.43-$4.71, reflecting a narrowing of the previous guidance range for the underlying business to $5.18-$5.26 from its previous guidance of $5.18-$5.35, reflecting softening macroeconomic conditions.

Henry Schein gained 1.5% to trade at $68.54 on Tuesday.

These analysts made changes to their price targets on Henry Schein following earnings announcement.

• Morgan Stanley cut the price target on Henry Schein from $69 to $65. Morgan Stanley analyst Erin Wright maintained an Underweight rating.
• Barrington Research slashed the price target on Henry Schein from $90 to $82. Barrington Research analyst Michael Petusky maintained an Outperform rating.
• UBS lowered the price target on Henry Schein from $82 to $75. UBS analyst Kevin Caliendo maintained a Neutral rating.

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