DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Plans $0.16 Quarterly Dividend

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) announced a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Friday, December 27th will be given a dividend of 0.16 per share by the medical instruments supplier on Friday, January 10th. This represents a $0.64 dividend on an annualized basis and a yield of 3.25%.

DENTSPLY SIRONA has raised its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend every year for the last 13 years. DENTSPLY SIRONA has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect DENTSPLY SIRONA to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.0%.

DENTSPLY SIRONA Stock Down 1.4 %

Shares of XRAY opened at $19.72 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $21.28 and a two-hundred day moving average price of $24.19. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -9.53, a P/E/G ratio of 1.93 and a beta of 0.96. DENTSPLY SIRONA has a 12 month low of $17.21 and a 12 month high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The business had revenue of $951.00 million during the quarter, compared to the consensus estimate of $939.10 million. During the same quarter last year, the company earned $0.49 EPS. DENTSPLY SIRONA’s revenue was up .4% on a year-over-year basis. Equities analysts predict that DENTSPLY SIRONA will post 1.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore ISI reduced their target price on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. 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, October 25th. Robert W. Baird decreased their price target on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Barrington Research dropped their price target on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.40.

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.