DENTSPLY SIRONA (NASDAQ:XRAY) Updates Q3 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.49-0.51 for the period, compared to the consensus earnings per share 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 Stock Down 4.5 %

NASDAQ XRAY traded down $1.10 during trading on Friday, hitting $23.31. The stock had a trading volume of 3,688,608 shares, compared to its average volume of 2,965,741. DENTSPLY SIRONA has a 12 month low of $22.85 and a 12 month high of $37.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. The company’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $26.52. The company has a market capitalization of $4.73 billion, a PE ratio of -27.10, a P/E/G ratio of 1.17 and a beta of 1.00.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The business had revenue of $984.00 million during the quarter, compared to the consensus estimate of $993.61 million. During the same period last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, sell-side analysts forecast 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. Investors of record on Friday, September 27th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.64 annualized dividend and a yield of 2.75%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -74.42%.

Wall Street Analyst Weigh In

XRAY has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Stifel Nicolaus lowered their price objective 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. Needham & Company LLC cut their target price on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Friday. Evercore ISI lowered their price target on DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, DENTSPLY SIRONA currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

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.