Wall Street brokerages predict that DENTSPLY SIRONA Inc. (NASDAQ:XRAY) will announce $0.65 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for DENTSPLY SIRONA’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.59. DENTSPLY SIRONA reported earnings of $0.67 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The firm is expected to announce its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that DENTSPLY SIRONA will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.86 to $2.90. For the next year, analysts anticipate that the firm will post earnings of $3.21 per share, with EPS estimates ranging from $3.09 to $3.33. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for DENTSPLY SIRONA.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Thursday, August 5th. The medical instruments supplier reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.06. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.01 billion. DENTSPLY SIRONA had a return on equity of 13.22% and a net margin of 9.06%. DENTSPLY SIRONA’s revenue was up 117.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) earnings per share.
Shares of XRAY stock opened at $59.28 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.43. DENTSPLY SIRONA has a fifty-two week low of $41.52 and a fifty-two week high of $69.54. The stock has a 50 day moving average price of $61.76 and a two-hundred day moving average price of $63.77. The company has a market capitalization of $12.96 billion, a P/E ratio of 35.29, a PEG ratio of 0.98 and a beta of 0.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Friday, September 24th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 23rd. This represents a $0.44 annualized dividend and a yield of 0.74%. DENTSPLY SIRONA’s payout ratio is 24.58%.
Large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of DENTSPLY SIRONA by 61.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,798,974 shares of the medical instruments supplier’s stock valued at $1,008,133,000 after acquiring an additional 6,036,611 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in shares of DENTSPLY SIRONA during the second quarter worth about $88,349,000. Marshall Wace North America L.P. grew its holdings in shares of DENTSPLY SIRONA by 103.7% during the second quarter. Marshall Wace North America L.P. now owns 2,463,633 shares of the medical instruments supplier’s stock worth $155,849,000 after purchasing an additional 1,253,906 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of DENTSPLY SIRONA by 13.3% during the first quarter. Janus Henderson Group PLC now owns 10,429,648 shares of the medical instruments supplier’s stock worth $665,516,000 after buying an additional 1,223,073 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of DENTSPLY SIRONA by 6.8% during the first quarter. BlackRock Inc. now owns 17,073,574 shares of the medical instruments supplier’s stock worth $1,089,466,000 after buying an additional 1,089,635 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.
About DENTSPLY SIRONA
Dentsply Sirona, Inc engages in the design, manufacture, sales and distribution of professional dental products and technologies. It operates through the following segments: Technologies and Equipment and Consumables. The Technologies and Equipment segments comprises dental technology, equipment and healthcare consumable products such as dental implants, laboratory dental products, computer-aided design and computer-aided manufacturing systems, imaging systems, treatment centers and consumable medical device products.
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