DENTSPLY SIRONA Inc. designs, develops, manufactures, distributes, and sells various dental products and technologies for professional dental market worldwide. It offers dental equipment, including treatment centers, imaging equipment, motorized dental handpieces, and other instruments; imaging equipment; treatment centers comprising basic dentist chairs, sophisticated chair-based units with integrated diagnostic, hygiene and ergonomic functionalities, and specialist centers; and lab equipment, such as amalgamators, mixing machines, and porcelain furnaces. The company also provides dental CAD/CAM products, digital impressions intraoral scanners, mills, and services; and orthodontic products, including high frequency vibration technology device under the name VPro, dentist-directed clear aligner solutions under the name SureSmile, and direct-to-consumer clear aligner solutions under the name Byte; dental implant products, bone regenerative and restorative solutions, and educational programs; and urology catheters and other healthcare-related consumable products. In addition, it offers endodontic products comprising endodontic instruments and materials, drills, filers, sealers, irrigation needles, and other tools or single-use solutions; restorative products that include dental prosthetics, such as artificial teeth, dental ceramics, digital dentures, precious metal dental alloys, and crown and bridge porcelain products; small equipment products comprise intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers; and dental supplies, including dental anesthetics, prophylaxis paste, dental sealants, impression materials, teeth whiteners, and topical fluoride. The company was formerly known as DENTSPLY International Inc. and changed its name to DENTSPLY SIRONA Inc. in February 2016. DENTSPLY SIRONA Inc. was founded in 1899 and is headquartered in Charlotte, North Carolina.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on XRAY shares. William Blair cut DENTSPLY SIRONA from a "market perform" rating to an "underperform" rating in a report on Friday, August 5th. Robert W. Baird cut DENTSPLY SIRONA from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $67.00 to $48.00 in a report on Tuesday, April 19th. Morgan Stanley decreased their target price on DENTSPLY SIRONA from $48.00 to $44.00 and set an "overweight" rating on the stock in a report on Wednesday, July 20th. HC Wainwright lowered their price target on DENTSPLY SIRONA from $58.00 to $48.00 and set a "hold" rating on the stock in a report on Friday, April 22nd. Finally, Piper Sandler lowered their price target on DENTSPLY SIRONA from $41.00 to $38.00 in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.11.
DENTSPLY SIRONA Stock Down 2.2 %
XRAY traded down $0.82 during trading on Tuesday, reaching $36.78. 2,362,694 shares of the stock traded hands, compared to its average volume of 2,140,587. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. DENTSPLY SIRONA has a fifty-two week low of $33.78 and a fifty-two week high of $63.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 1.03. The stock's 50-day simple moving average is $36.20 and its two-hundred day simple moving average is $43.16.
DENTSPLY SIRONA Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.50 dividend on an annualized basis and a yield of 1.36%. DENTSPLY SIRONA's payout ratio is 29.59%.