Zacks Investment Research | Jan 23, 2019 03:13AM ET
On Jan 17, we issued an updated research report on Henry Schein, Inc. (NASDAQ:HSIC) . The company carries a Zacks Rank #3 (Hold).
Over the past six months, Henry Schein has outperformed its industry . The stock has gained 8.4% against the 12.1% decline of the industry.
Apart from growth across all operating segments in the last reported quarter, Henry Schein's gains in the North American markets raise optimism on the stock. Year-over-year expansion in gross margin is also encouraging. We are looking forward to the company’s new exclusive distribution agreement with technology and clinical education company — Sprig Oral Health Technologies. Per the agreement, Henry Schein will distribute Sprig's products to help customers place crown on teeth.
Henry Schein’s decision to spin off its global Animal Health business sprang a surprise to investors. This business currently contributes nearly 30% to the company’s top line. Not only that, in the second quarter of 2018, this business witnessed a 10.6% rise in revenues to $985.9 million. Undoubtedly, the spin-off is expected to bring in major changes to Henry Schein’s overall operating results.
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