DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Given Average Recommendation of "Hold" by Analysts

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) have received an average rating of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $20.36.

XRAY has been the subject of a number of research reports. Barrington Research increased their target price on shares of DENTSPLY SIRONA from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Piper Sandler dropped their price target on shares of DENTSPLY SIRONA from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of DENTSPLY SIRONA in a research note on Thursday, March 13th. Morgan Stanley lowered DENTSPLY SIRONA from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a report on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price target on DENTSPLY SIRONA from $20.00 to $19.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th.

DENTSPLY SIRONA Stock Performance

XRAY traded down $0.10 during trading on Monday, hitting $16.01. 1,596,733 shares of the company traded hands, compared to its average volume of 2,963,295. DENTSPLY SIRONA has a one year low of $12.16 and a one year high of $27.95. The stock's fifty day moving average is $14.73 and its 200 day moving average is $16.91. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.19 billion, a P/E ratio of -7.73, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The medical instruments supplier reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.14. DENTSPLY SIRONA had a negative net margin of 10.59% and a positive return on equity of 12.62%. The company had revenue of $879.00 million during the quarter, compared to analyst estimates of $854.75 million. During the same quarter last year, the business posted $0.42 EPS. DENTSPLY SIRONA's quarterly revenue was down 7.8% compared to the same quarter last year. As a group, equities analysts predict that DENTSPLY SIRONA will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, June 27th. DENTSPLY SIRONA's payout ratio is -14.10%.

Institutional Trading of DENTSPLY SIRONA

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in DENTSPLY SIRONA in the first quarter valued at $25,000. Riverview Trust Co bought a new position in shares of DENTSPLY SIRONA during the 4th quarter valued at about $26,000. Colonial Trust Co SC purchased a new position in shares of DENTSPLY SIRONA during the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new stake in DENTSPLY SIRONA in the 1st quarter worth approximately $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in DENTSPLY SIRONA in the 1st quarter worth approximately $26,000. 95.70% of the stock is owned by institutional investors.

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.