DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Declares Quarterly Dividend of $0.16

Key Points

• DENTSPLY SIRONA Inc. declared a quarterly dividend of $0.16 per share, which will be paid to stockholders on October 10th, with an annualized yield of 4.9%.
• The company reported earnings of $0.52 per share in its last quarterly earnings, exceeding analyst expectations, despite a 4.9% year-over-year revenue decline.
• Stock analysts have varied target price estimates, with a consensus price target of $18.64 and a majority rating the stock as a "hold."

DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, September 26th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, October 10th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 26th.

DENTSPLY SIRONA has a payout ratio of 31.2% meaning its dividend is sufficiently covered by earnings. Analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Price Performance

Shares of XRAY traded up $0.67 during mid-day trading on Wednesday, reaching $13.72. 1,066,721 shares of the company's stock were exchanged, compared to its average volume of 2,980,716. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 1.13. The company has a 50-day simple moving average of $15.59 and a two-hundred day simple moving average of $15.81. DENTSPLY SIRONA has a 52-week low of $12.16 and a 52-week high of $27.48. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -2.88, a PEG ratio of 0.78 and a beta of 0.94.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last released its earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm had revenue of $936.00 million during the quarter, compared to analysts' expectations of $929.67 million. DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. DENTSPLY SIRONA's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. On average, sell-side analysts predict that DENTSPLY SIRONA will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on XRAY. Needham & Company LLC reaffirmed a "hold" rating on shares of DENTSPLY SIRONA in a research note on Monday, July 21st. Stifel Nicolaus lowered their target price on shares of DENTSPLY SIRONA from $19.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Barrington Research set a $18.00 price objective on shares of DENTSPLY SIRONA and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of DENTSPLY SIRONA from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Finally, Wall Street Zen cut shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research note on Saturday. Twelve research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $18.64.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.