Henry Schein Inc (HSIC) released its first quarter results on Wednesday, May 5, 2021. The company reported net earnings of $1.16 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 27 percent compared to the same period a year ago.
Henry Schein, Inc. was founded in 1932 and is headquartered in Melville, New York. Henry Schein, Inc. provides health care products and services to dental practitioners and laboratories, physician practices, government, institutional health care clinics, and other alternate care clinics worldwide. It operates in two segments, Health Care Distribution, and Technology and Value-Added Services.
Henry Schein's revenue increased 6 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 32.14% for the first quarter compared to the same period in the previous year, and operating margins increased to 7.96% over the same period. Net earnings for past trailing twelve months were $436.69 million, down 17% from the prior year.
Moving on to the balance sheet, Henry Schein's cash levels dropped 77% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 2.52% this past year. The current ratio for Henry Schein now stands at 1.68. The company decreased shares outstanding by 0.79%.
Shares of HSIC are currently trading around $78.91. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 25.82 and price to book ratio of 3.37.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, May 6, 2021.