DENTSPLY SIRONA (XRAY) Set to Announce Quarterly Earnings on Wednesday

DENTSPLY SIRONA (NASDAQ:XRAY) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.50 per share for the quarter. DENTSPLY SIRONA has set its FY24 guidance at $2.00-$2.10 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $953.00 million for the quarter, compared to analysts’ expectations of $969.45 million. DENTSPLY SIRONA had a negative net margin of 2.41% and a positive return on equity of 11.54%. DENTSPLY SIRONA’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, analysts expect DENTSPLY SIRONA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DENTSPLY SIRONA Stock Up 0.2 %

Shares of NASDAQ:XRAY opened at $26.46 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.97. The firm has a market capitalization of $5.49 billion, a PE ratio of -60.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. The firm’s 50-day moving average is $26.32 and its two-hundred day moving average is $30.34. DENTSPLY SIRONA has a 1 year low of $23.94 and a 1 year high of $41.56.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.42%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -145.45%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Barrington Research reiterated an “outperform” rating and set a $38.00 price target on shares of DENTSPLY SIRONA in a research note on Monday, July 8th. The Goldman Sachs Group cut their price target on shares of DENTSPLY SIRONA from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Piper Sandler reiterated a “neutral” rating and set a $32.00 price target (down from $35.00) on shares of DENTSPLY SIRONA in a research note on Friday, May 3rd. Finally, Evercore ISI cut their target price on shares of DENTSPLY SIRONA from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.67.

Insider Activity at DENTSPLY SIRONA

In other DENTSPLY SIRONA news, Director Gregory T. Lucier purchased 3,577 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $27.95 per share, with a total value of $99,977.15. Following the completion of the acquisition, the director now directly owns 58,374 shares of the company’s stock, valued at approximately $1,631,553.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by corporate insiders.

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.