Leerink Partners Keeps a Hold Rating on Henry Schein (HSIC) With a $69 PT
Henry Schein, Inc. (NASDAQ:HSIC) is one of the . On June 16, Leerink Partners analyst Michael Cherny maintained a Hold rating on Henry Schein, Inc. (NASDAQ:HSIC) and set a price target of $69.00.
The company also announced the successful completion of a $250 million strategic investment on May 16, which was extended by funds affiliated with KKR, a leading global investment firm. The closing of the transaction made KKR the holder of around 12% of the company's common shares.
A close-up of a patient's mouth, the dental products from the company in view.
Henry Schein, Inc. (NASDAQ:HSIC) reported a 22% growth in GAAP diluted EPS for fiscal Q1 2025, reaching $0.88. Non-GAAP diluted EPS for the quarter underwent a 4.5% rise to $1.15 when compared to the same period last year.
Henry Schein, Inc. (NASDAQ:HSIC) is also advancing its BOLD+1 Strategic Plan, refreshing it for the 2025 to 2027 period. The plan focuses on expanding the company's corporate brand products and dental and medical specialty businesses, growing its distribution business by improving customer experience and rising operational efficiency, and developing its digital solutions and digital footprint.
Henry Schein, Inc. (NASDAQ:HSIC) provides healthcare services and products to medical, veterinary, and dental office-based practitioners. It operates in the Healthcare Distribution and Technology and Value-Added Services business segments.
While we acknowledge the potential of HSIC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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USA Today
an hour ago
- USA Today
Trump agenda survives key Senate vote but final outcome still uncertain
The GOP-led Senate has agreed to begin a marathon floor debate that's expected to go overnight and culminate with a final roll call - where the outcome still remains uncertain. WASHINGTON – The Senate voted to begin a marathon debate about President Donald Trump's package of legislative priorities − stuffed with tax cuts, Medicaid reforms and border security funding – despite lingering Republican concerns about the legislation. Majority Leader John Thune, R-South Dakota, has said he is uncertain whether enough Republicans will support their version to send it back to the House. "We'll find out," Thune said. But the 51-49 vote to proceed signals that there is enough GOP support to at least begin the hours-long debate and expected voting on dozens of amendments. GOP Sens. Rand Paul of Kentucky and Thom Tillis of North Carolina each voted against debating the bill as written. The vote that began at 7:30 p.m. EDT was held open for more than three hours as Thune scrambled to find a majority of votes to kickstart the debate. If the Senate is ultimately successful, the House would have to vote on the upper chamber's changes in order to reach Trump's desk by his self-imposed deadline of July 4. The Senate has trimmed the House version from about 1,100 pages to 940 − and still faces votes on what are expected to be dozens of amendments. The success of Trump's domestic agenda for tax cuts and border security hangs in the balance. Republican approval of the spending blueprint would allow a majority of the 100-member Senate to approve all of Trump's priorities included in it through legislation later in the year, rather than needing 60 votes to overcome a filibuster for each measure. Here's what we know about the legislative package: Senate voting on whether to debate Trump's bill A long wait, then a vote to begin debate With little fanfare, the Senate began voting at about 7:30 p.m. EDT on whether to begin the debate on Trump's legislative package. Majority Leader John Thune, R-South Dakota, simply asked the Senate to vote on a motion to begin debating the bill. The move came after hours of inaction – interrupted by the occasional speech – since the Senate gaveled into action at 2 p.m. - Bart Jansen Nevada senator votes despite COVID-19 The vote was close enough and important enough that a Nevada senator voted despite testing positive for COVID-19. 'After experiencing mild symptoms, I have tested positive for COVID,' Sen. Catherine Cortez Masto, D-Nevada, said in a social media post. 'I'll continue to follow my doctor's guidelines and wear a mask while voting this weekend.'- Bart Jansen Lee drops provision for public land sales from bill Sen. Mike Lee, R-Utah, agreed to drop a contentious provision for public land sales from the legislative package. Environmental groups had criticized the provision for opening lands to logging and oil, gas and coal production. A fellow Republican, Sen. Tim Sheehy of Montana, threatened to vote against the bill unless the provision was removed, which could have scuttled the entire bill. Lee announced on social media that he wasn't able to secure safeguards that the land must be sold to Americans rather than the Chinese or investors. 'I continue to believe the federal government owns far too much land – land it is mismanaging and in many cases ruining for the next generation,' Lee said. - Bart Jansen Trump blasts Tillis over opposition to legislation Trump criticized Sen. Thom Tillis of North Carolina, one of three Republicans to vote against debating the legislation, as 'making a BIG MISTAKE.' Tillis had voiced concern about steeper Medicaid cuts in the Senate version of the bill than in the House version, and said he would have to oppose it. But Trump noted he won the state in three presidential elections in the Tarheel State, where Tillis faces reelection next year. Trump highlighted provisions in the legislation to eliminate taxes on tips, overtime and Social Security. He argued taxes will rise if 2017 tax cuts aren't extended, and that the country needs to increase the limit on borrowing. 'Thom Tillis is making a BIG MISTAKE for America, and the Wonderful People of North Carolina!' Trump said in a post June 28 on social media. In another post, Trump said he would be meeting with 'numerous people' who have asked to run in the GOP primary against Tillis. Trump said he is 'looking for someone who will properly represent the Great people of North Carolina.' - Bart Jansen Democrats force Senate to read entire Trump bill Minority Leader Chuck Schumer, D-New York, forced Senate clerks to read the entire bill out loud, further delaying the start of debate on the bill. While typically a formality, Schumer objected to waiving the reading of the bill. His objection forced clerks to read the 940-page document. Then senators will begin hours of debate followed by hours of voting. A vote on final passage could come June 30. - Bart Jansen 'No cause for alarm' on vote delay: Sen. Mike Rounds South Dakota GOP Sen. Mike Rounds told CNN that he thinks Republicans will ultimately have the votes to begin the floor debate but were working on ensuring commitments for concerned GOP lawmakers that they'll get the chance to offer amendments to address their issues. "No cause for alarm," Rounds said, adding that the lengthy delay from the plan to have a 4 p.m. EDT opening procedural vote stemmed from the wait for the Congressional Budget Office to analyze late changes to the Senate bill. Looking ahead, Rounds outlined a floor plan that would start with Democrats forcing a full reading of the 990-page bill, something the Republican said he hoped they would not do so that congressional staff can go home for the night and get rest before resuming debate on June 29. Once the floor debate begins, Rounds said Democrats and Republicans would get 20 hours equally divided - with the GOP likely surrendering a considerable amount of that time. Only then would the Senate begin to hold what's known as a "vote-a-rama" where they consider scores of amendments."We've got a long couple of days ahead of us yet," Rounds said. - Darren Samuelsohn Business Roundtable endorses Trump bill Business groups endorsed Trump's legislative package for its anticipated economic benefits as the Senate prepared to debate it. 'This critical legislation would protect and enhance the transformative economic benefits that President Trump's historic 2017 tax reform delivered for American businesses, workers and families,' Business Roundtable President Kristen Silverberg said. 'We urge the Senate to swiftly pass this measure.' - Bart Jansen Democrats to force reading aloud of the entire Senate bill Senate Democrats unified in opposition to the legislation plan to force the chamber's clerk to read the entire 990-page GOP tax, policy and spending bill aloud if Republicans vote to open the floor debate. "Future generations will be saddled with trillions in debt," said Senate Minority Leader Chuck Schumer, D-New York. "Under this draft Republicans will take food away from hungry kids to pay for tax breaks to the rich." Schumer's plans mean that the Senate is sure to be in session late into the night, if not past dawn - presuming Republicans vote to begin the debate. - Darren Samuelsohn, Reuters Elon Musk opens fire, calls Trump bill 'utterly insane and destructive' Billionaire Elon Musk, Trump's former adviser on cutting government spending, fired off another set of attacks against the president's legislative package for potentially killing millions of jobs. The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future. Musk had quieted his harsh criticism of Trump and the legislation the week after his departure from government May 30. But he blasted the bill again as the Senate prepared to debate it. 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!' Musk said June 28 on social media. 'Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.' As the Senate vote remained in limbo, Musk added another post warning the GOP of the electoral risks if they vote for the Trump-backed legislation that is not polling well with Republicans. Polls show that this bill is political suicide for the Republican Party - Bart Jansen Paging Vice President JD Vance: The Senate might need a tie-breaker Coming out of a GOP lunch June 28, Sen. Josh Hawley, R-Missouri, said he's 'under the impression' Senate leadership has the buy-in to advance Trump's bill. But, 'I'm thinking we need the VP,' he said. Republicans need a simple 51-vote majority to pass the bill. But with a tight 53-member majority and ongoing disputes, every swing vote counts. If they hit 50, Vice President JD Vance, in his capacity as Senate president, can break the tie in Trump's favor. -Savannah Kuchar Environmental groups criticize bill's support for fossil fuels Environmental advocates criticized the Senate version of Trump's legislative priorities for not just ending incentives for renewable energy but setting taxes on wind and solar power generation. The advocacy group Natural Resources Defense Council estimated taxes on some projects could grow 50%. The bill could also trigger the largest sale of public lands in history for logging and oil, gas and coal production, according to the group. Trump campaigned on boosting domestic energy production with the phrase 'drill, baby, drill.' "The new budget reconciliation bill text is a shocking fossil fuels industry fever dream come to life,' said Christy Goldfuss, the council's executive director. 'The bill has gone from fossil fuels boosterism to an active effort from Congress to kill wind and solar energy in the United States.' - Bart Jansen GOP senators join Trump for golf President Donald Trump had no public events on his calendar, but he had a couple of key allies join him for golf at his Northern Virginia course: CIA Director John Ratcliffe and Republican Sens. Eric Schmitt of Missouri, Rand Paul of Kentucky and Lindsey Graham of South Carolina. Looking forward to beginning the One Big Beautiful Bill the day with @POTUS and thanked him for his Go! After posting a picture with Trump on the golf course, Graham added that he partnered with Trump and Paul to beat Schmitt and Ratcliffe. "Proud to announce no casualties," Graham wrote. "A lot of fun! Big Beautiful Bill on the way.". - Bart Jansen Saying 'no' and voting 'no' two different things: Sen. Markwayne Mullin Sen. Markwayne Mullin, R-Oklahoma, a supporter of Trump's legislative package, told reporters at the Capitol that lawmakers warning about voting against it and actually voting 'no' are two different things. Sens. Ron Johnson, R-Wisconsin; Thom Tillis, R-North Carolina; and Rand Paul, R-Kentucky, have each said they were opposed to the bill that is still changing. Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, have voiced concerns about it. 'Everybody's got concerns, but saying you're voting 'no' and when you get to the floor and voting 'no' is two totally different things,' Mullin said. 'I don't believe in losing and we're going to get the votes.' - Bart Jansen Budget blueprint debate could be 30 hours of 'nonsense': Sen. Brian Moreno Sen. Bernie Moreno, R-Ohio, a supporter of Trump's legislative package, said a final vote would likely come after 30 hours of 'nonsense' from Democrats voting on proposals to change the contentious bill. 'It's an absolutely historic and transformative piece of legislation that reverses four years of an assault on American workers,' Moreno said. 'I want everybody watching this to remember this as you listen to probably what's going to be 30-plus hours of complete nonsense from the other side.' - Bart Jansen Senate meets before debating Trump legislative package The Senate gaveled in at 2 p.m., in anticipation of beginning debate on President Trump's legislative priorities, but lawmakers haven't yet voted to begin talking about the measure. A majority of senators must agree to begin debate, which can sometimes kill legislation before it begins. With 53 Republicans and 47 Democratic caucus members, just a few GOP lawmakers could prevent a debate. But the hurdle appears a mere technicality because wavering GOP members such as Sen. Susan Collins of Maine have said she would support the debate even if not necessarily the final bill. -Bart Jansen Sen. Josh Hawley says Republicans have 'soul searching' to do Sen. Josh Hawley, R-Missouri, had been one of the leading voices among Senate Republicans raising concerns about proposed cuts to Medicaid and how that would impact his largely rural state. But after studying the latest, finalized bill text — which delays pushing costs onto states and establishes a $25 billion rural hospital fund — Hawley said he's a yes on passing the bill. Beyond this weekend's vote, though, Hawley said he intends to keep pushing back in effort to prevent the delayed federal spending cuts from ever going into effect. 'This has been an unhappy episode, here in Congress, this effort to cut to Medicaid,' he said. 'And I think, frankly, my party needs to do some soul searching.' — Savannah Kuchar Sen. Susan Collins remains a wildcard Sen. Susan Collins, R-Maine, said she'll support Senate leadership bringing the mega bill to the floor and kicking off presumably hours of debate. But she cautioned reporters that she remains uncertain how she'll side when a final vote gets called. 'That does not, in any way, predict how I'm going to vote on the final passage,' Collins told reporters while walking into the Capitol for the start of the day's events. Collins said her final vote ultimately will depend on what the bill looks like after lawmakers — including herself — introduce and potentially tack on further amendments. 'There's some very good changes that have been made in the latest version, but I want to see further changes,' Collins said. - Savannah Kuchar What is in the Senate bill? The largest provisions in the legislation would extend expiring tax cuts and create a few new ones, and a dramatic increasing in spending on border security. Sen. Rand Paul of Kentucky, a Republican holdout on the bill, said he wouldn't vote for the bill unless the debt limit gets a separate vote. But Republican leaders want to keep the unpopular vote within the overall package. −Bart Jansen What's not in the Senate version of the bill? Republican support in the Senate waned after Parliamentarian Elizabeth MacDonough ruled several significant provisions would have to be removed to avoid a filibuster. Republicans removed provisions to curb environmental regulations; restrict federal judges' powers; bulk up immigration enforcement; and cut funding from a consumer protection agency. MacDonough also ruled against provisions that aimed to reduce Medicaid spending on health care programs for undocumented immigrants. −Bart Jansen What does Trump say about the Senate version of the bill? The Trump administration 'strongly supports' the Senate version of the bill, in a White House Office of Management and Budget statement June 28. The statement isn't intended to favor the Senate version over the House version on any particular provision, but to signal Trump would sign it if approved by Congress. The two-page statement highlighted provisions for tax cuts, border security, energy and defense. 'President Trump is committed to keeping his promises, and failure to pass this bill would be the ultimate betrayal," the statement said. −Bart Jansen Is there really a July 4 deadline? Trump has told congressional Republicans he's want this thing wrapped up by Independence Day. But the due date is less procedural than it is political. The sooner the president can tout legislation that makes good on several of his 2024 campaign promises, including a tax limit on tips and overtime wages, plus extends his 2017 tax cuts for high-income earners, the better. The more impending deadlines are sometime in August, when Treasury Secretary Scott Bessent has said the federal government is at risk of hitting its debt ceiling, and the end of the year, when Trump's first-term tax cuts are set to expire. The legislation up for a vote in the Senate currently contains a provision to raise the debt limit.− Savannah Kuchar
Bloomberg
an hour ago
- Bloomberg
Senate Advances Trump's Tax Bill as Holdouts Back Down
The Senate voted on Saturday to advance President Donald Trump's $4.5 trillion tax cut package, clearing a hurdle to push the bill toward final passage. The vote moves the legislation closer to meeting the July 4 deadline set by Trump, with him applying pressure and senators changing details in the bill to win over holdouts.
Los Angeles Times
an hour ago
- Los Angeles Times
Trump's tax and spending cuts bill clears key test vote in Senate
WASHINGTON — Senate Republicans voting in a dramatic late Saturday session narrowly cleared a key procedural step as they race to advance President Trump's package of tax breaks, spending cuts and bolstered deportation funds by his Fourth of July deadline. The 51-49 vote came after a tumultuous session with Vice President JD Vance on hand if needed to break a tie. Tense scenes played out in the chamber as voting came to a standstill, dragging on for hours as holdout senators huddled for negotiations. In the end, two Republicans opposed the motion to proceed to debate, joining all Democrats and independents. It's still a long weekend of work to come. Republicans are using their majorities in Congress to push aside Democratic opposition, but they have run into a series of political and policy setbacks. Not all GOP lawmakers are on board with proposals to reduce spending on Medicaid, food stamps and other programs as a way to help cover the cost of extending some $3.8 trillion in Trump tax breaks. Ahead of the expected roll call, the White House released a statement of administrative policy saying it 'strongly supports passage' of the bill that 'implements critical aspects' of the president's agenda. Trump was at his golf course in Virginia on Saturday with GOP senators posting about it on social media. 'It's time to get this legislation across the finish line,' said Senate Majority Leader John Thune (R-S.D.). But as the day wore on, billionaire Elon Musk, a key Trump advisor for the first months of the administration, lashed out against the package — as he has in the past — calling it 'utterly insane and destructive.' 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!' he said in a post. The 940-page bill was released shortly before midnight Friday, and senators are expected to grind through the hours of all-night debate and amendments in the days ahead. If the Senate is able to pass it, the bill would go back to the House for a final round of votes before it could reach the White House. With narrow Republican majorities in the House and Senate, leaders need almost every lawmaker on board in the face of essentially unified opposition from Democrats. GOP Sens. Thom Tillis of North Carolina and Rand Paul of Kentucky voted against. Senate Democratic leader Chuck Schumer of New York said Republicans unveiled the bill 'in the dead of night' and are rushing to finish the vote before the public fully knows what's in it. He was expected to call for a full reading of the text in the Senate overnight, which would take hours. The weekend session could be a make-or-break moment for Trump's party, which has invested much of its political capital on his signature domestic policy plan. The president is pushing Congress to wrap it up and has admonished the 'grandstanders' among GOP holdouts to fall in line. The legislation is an ambitious but complicated series of GOP priorities. At its core, it would make permanent many of the tax breaks from Trump's first term that would otherwise expire by year's end if Congress fails to act, resulting in a potential tax increase on Americans. The bill would add new breaks, including no taxes on tips, and commit $350 billion to national security, including for Trump's mass deportation agenda. But the cutbacks to Medicaid, food stamps and green energy investments, which a top Democrat, Sen. Ron Wyden of Oregon, said would be a 'death sentence' for America's wind and solar industries, are also causing dissent within GOP ranks. The Republicans are relying on the reductions to offset the lost tax revenues, but some lawmakers say the cuts go too far, particularly for people receiving healthcare through Medicaid. Meanwhile, conservatives, worried about the nation's debt, are pushing for steeper cuts. Tillis, who said he spoke with Trump late Friday explaining his concerns, announced Saturday he cannot support the package as is, largely because he said the healthcare changes would force his state to 'make painful decisions like eliminating Medicaid coverage for hundreds of thousands.' The release of that draft had been delayed as the Senate parliamentarian reviewed the bill to ensure it complied with the chamber's strict 'Byrd rule,' named for the late Sen. Robert C. Byrd ( It largely bars policy matters from inclusion in budget bills unless a provision can get 60 votes to overcome objections. That would be a tall order in a Senate with a 53-47 Republican edge and Democrats unified against Trump's bill. Republicans suffered a series of setbacks after several proposals, including shifting food stamp costs from the federal government to the states or gutting the funding structure of the Consumer Financial Protection Bureau, were deemed out of compliance with the rules. But over the past few days, Republicans have quickly revised those proposals and reinstated them. The final text includes a proposal for cuts to the Medicaid provider tax that had run into parliamentary hurdles and objections from several senators worried about the fate of rural hospitals. The new version extends the start date for those cuts and establishes a $25-billion fund to aid rural hospitals and providers. Sen. Josh Hawley (R-Mo.), who had opposed the cuts, vowed 'to do everything I can' to make sure the reductions never go into effect. The nonpartisan Congressional Budget Office has said that under the House-passed version of the bill, some 10.9 million people would lose their healthcare coverage and at least 3 million fewer would qualify for food aid. The CBO has not yet publicly assessed the Senate draft, which proposes steeper reductions. Top income-earners would see about a $12,000 tax cut under the House bill, while the package would cost the poorest Americans an additional $1,600, the CBO said. The Senate included a compromise over the so-called SALT provision, a deduction for state and local taxes that has been a top priority of lawmakers from California, New York and other high-tax states, but the issue remains unsettled. The current SALT cap is $10,000 a year, and a few Republicans wanted to boost it to $40,000 a year. The final draft includes a $40,000 cap, but limits it to five years. Many Republican senators say that is still too generous. At least one House GOP holdout, Rep. Nick LaLota of New York, has said that would be insufficient. House Speaker Mike Johnson (R-La.) sent his colleagues home for the weekend with plans to be on call to return to Washington. But as the Senate draft was revealed, House GOP support was uncertain. One Republican, Rep. David Valadao of Hanford, said he was opposed. Mascaro, Freking and Cappelletti write for the Associated Press. AP writers Ali Swenson and Matthew Daly contributed to this report.
