DENTSPLY SIRONA (NASDAQ:XRAY) Issues Q3 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) issued an update on its third quarter earnings guidance on Thursday morning. 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.

Analyst Ratings Changes

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

DENTSPLY SIRONA Stock Performance

Shares of XRAY stock traded up $0.40 during mid-day trading on Thursday, reaching $24.41. The stock had a trading volume of 1,789,143 shares, compared to its average volume of 2,962,144. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. DENTSPLY SIRONA has a 1-year low of $23.58 and a 1-year high of $37.60. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of -28.38, a PEG ratio of 1.17 and a beta of 1.00. The business’s fifty day moving average is $25.26 and its 200-day moving average is $26.58.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $993.61 million. DENTSPLY SIRONA had a positive return on equity of 11.86% and a negative net margin of 4.75%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. On average, research analysts forecast that DENTSPLY SIRONA will post 1.98 earnings per share 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 given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, September 27th. DENTSPLY SIRONA’s dividend payout ratio is currently -74.42%.

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.