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

DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) declared a quarterly dividend on Wednesday, May 22nd, RTT News reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.16 per share by the medical instruments supplier on Friday, July 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.28%.

DENTSPLY SIRONA has raised its dividend by an average of 11.9% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DENTSPLY SIRONA to earn $2.35 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 27.2%.

DENTSPLY SIRONA Stock Down 0.5 %

XRAY stock traded down $0.15 during mid-day trading on Wednesday, hitting $28.05. 1,998,513 shares of the company were exchanged, compared to its average volume of 3,329,970. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.43. DENTSPLY SIRONA has a 1-year low of $26.27 and a 1-year high of $41.65. The firm's 50 day simple moving average is $30.74 and its 200 day simple moving average is $32.45. The firm has a market cap of $5.82 billion, a P/E ratio of -63.75, a P/E/G ratio of 1.23 and a beta of 1.00.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last announced its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. DENTSPLY SIRONA had a negative net margin of 2.41% and a positive return on equity of 11.54%. The firm had revenue of $953.00 million during the quarter, compared to analyst estimates of $969.45 million. During the same period in the prior year, the business earned $0.39 EPS. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. On average, sell-side analysts predict that DENTSPLY SIRONA will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Leerink Partnrs reissued an "outperform" rating on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. Evercore ISI cut their price objective on shares of DENTSPLY SIRONA from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 3rd. The Goldman Sachs Group decreased their target price on shares of DENTSPLY SIRONA from $34.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, May 6th. Piper Sandler reissued a "neutral" rating and set a $32.00 price target (down from $35.00) on shares of DENTSPLY SIRONA in a research report on Friday, May 3rd. Finally, SVB Leerink initiated coverage on DENTSPLY SIRONA in a report on Monday, February 26th. They issued an "outperform" rating and a $42.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, DENTSPLY SIRONA presently has an average rating of "Moderate Buy" and an average target price of $35.22.

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.