DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) - Research analysts at Leerink Partnrs raised their FY2028 earnings per share estimates for shares of DENTSPLY SIRONA in a research note issued to investors on Monday, July 14th. Leerink Partnrs analyst M. Cherny now anticipates that the medical instruments supplier will post earnings per share of $2.61 for the year, up from their previous estimate of $2.59. The consensus estimate for DENTSPLY SIRONA's current full-year earnings is $1.84 per share.
Other research analysts also recently issued reports about the company. Wall Street Zen raised DENTSPLY SIRONA from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. UBS Group cut their target price on DENTSPLY SIRONA from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Barrington Research lifted their target price on DENTSPLY SIRONA from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Piper Sandler cut their target price on DENTSPLY SIRONA from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley downgraded DENTSPLY SIRONA from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a research note on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.60.
Get Our Latest Stock Report on DENTSPLY SIRONA
DENTSPLY SIRONA Price Performance
XRAY stock traded down $0.10 during midday trading on Thursday, reaching $15.68. 1,688,079 shares of the stock were exchanged, compared to its average volume of 2,906,004. The stock has a market capitalization of $3.12 billion, a PE ratio of -3.45, a P/E/G ratio of 1.12 and a beta of 0.94. DENTSPLY SIRONA has a 52 week low of $12.16 and a 52 week high of $27.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.10 and a quick ratio of 0.76. The company has a fifty day moving average price of $16.07 and a 200 day moving average price of $16.26.
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, beating the consensus estimate of $0.29 by $0.14. DENTSPLY SIRONA had a positive return on equity of 14.31% and a negative net margin of 24.42%. The company had revenue of $879.00 million for the quarter, compared to analyst estimates of $854.75 million. During the same quarter last year, the company posted $0.42 EPS. The company's revenue for the quarter was down 7.8% compared to the same quarter last year.
Hedge Funds Weigh In On DENTSPLY SIRONA
Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in DENTSPLY SIRONA during the first quarter valued at $25,000. Colonial Trust Co SC bought a new position in DENTSPLY SIRONA during the fourth quarter valued at $26,000. Brooklyn Investment Group bought a new position in DENTSPLY SIRONA during the first quarter valued at $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in DENTSPLY SIRONA during the first quarter valued at $26,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in DENTSPLY SIRONA by 700.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier's stock valued at $33,000 after purchasing an additional 1,568 shares during the period. 95.70% of the stock is owned by institutional investors.
DENTSPLY SIRONA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Friday, June 27th. DENTSPLY SIRONA's dividend payout ratio is currently -14.10%.
About DENTSPLY SIRONA
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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.
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