DENTSPLY SIRONA (NASDAQ:XRAY) Issues Q3 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.49-0.51 for the period, compared to the consensus estimate of $0.47. The company issued revenue guidance of $951 million, compared to the consensus revenue estimate of $937.91 million. DENTSPLY SIRONA also updated its Q3 2024 guidance to 0.490-0.510 EPS.

DENTSPLY SIRONA Trading Up 1.7 %

Shares of XRAY stock traded up $0.40 during trading hours on Thursday, hitting $24.41. 1,789,143 shares of the company’s stock traded hands, compared to its average volume of 2,962,144. The stock’s 50 day simple moving average is $25.26 and its 200 day simple moving average is $26.58. The stock has a market cap of $4.95 billion, a PE ratio of -28.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00. DENTSPLY SIRONA has a 12 month low of $23.58 and a 12 month high of $37.60. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.57.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). DENTSPLY SIRONA had a positive return on equity of 11.86% and a negative net margin of 4.75%. The firm had revenue of $984.00 million for the quarter, compared to analyst estimates of $993.61 million. During the same quarter last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that DENTSPLY SIRONA will post 1.98 EPS for the current year.

DENTSPLY SIRONA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, September 27th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -74.42%.

Analysts Set New Price Targets

XRAY has been the subject of several research reports. Stifel Nicolaus decreased their price objective on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Robert W. Baird dropped their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Finally, Evercore ISI dropped their price target on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.22.

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.