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Investing.com - Piper Sandler has reiterated its Overweight rating and $77.00 price target on Henry Schein (NASDAQ:HSIC), currently trading at $67.92 with a market cap of $8.2 billion, following investor meetings with the company’s CEO Stan Bergman and CFO Ron South. According to InvestingPro data, the company maintains a "GOOD" overall financial health score.
The research firm reports that global dental market growth trends continue at a similar pace to recent quarters, showing flat to low-single-digit growth depending on geography. Henry Schein management recommitted to specific outlook items, including dental equipment growth in the second half of the year and retention of customers acquired through second-quarter promotional activities. With analysts forecasting EPS of $4.88 for FY2025, the company appears slightly undervalued according to InvestingPro Fair Value analysis.
Piper Sandler addressed several topical items in its analysis, including tariff-related pricing adjustments from manufacturers, the ongoing CEO search, and value creation projects at the company.
The firm noted that investors currently appear to be waiting for at least the third-quarter earnings call in November, which will include a value creation initiative update, before gaining greater comfort that 2026 estimates are de-risked.
Piper Sandler believes Henry Schein’s 2026 EPS guidance has some flexibility given the "relatively more aggressive buyback activity that’s unfolded of late."
In other recent news, Henry Schein reported its second-quarter earnings for 2025, which showed a miss on earnings per share (EPS) and a slight shortfall in revenue compared to analyst forecasts. Despite this, the company announced a new $750 million share repurchase program, adding to an existing $500 million initiative expected to conclude by the end of the first quarter of 2026. Additionally, Evercore ISI upgraded Henry Schein’s stock rating from In Line to Outperform, citing anticipated benefits from automation initiatives and the company’s new Global Ecommerce Platform (GEP). These developments reflect Henry Schein’s strategic focus on enhancing its operational capabilities and returning value to shareholders. The company’s earnings call also discussed various strategic initiatives and market challenges that impacted its financial results. Evercore ISI set a price target of $83.00 for the stock, signaling optimism about its future performance. These recent developments highlight the company’s ongoing efforts to navigate market dynamics and strengthen its business model.
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