DENTSPLY SIRONA (NASDAQ:XRAY) Updates 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 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped 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 report on Thursday, July 18th. Needham & Company LLC dropped their price target on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday. Barrington Research reissued an “outperform” rating and set a $36.00 price target on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Evercore ISI dropped their price target on shares of 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, Robert W. Baird dropped their price target on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, DENTSPLY SIRONA presently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

DENTSPLY SIRONA Stock Performance

XRAY stock traded down $1.10 during mid-day trading on Friday, hitting $23.31. The company had a trading volume of 3,688,608 shares, compared to its average volume of 2,965,741. The firm has a market cap of $4.73 billion, a PE ratio of -27.10, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. DENTSPLY SIRONA has a 12 month low of $22.85 and a 12 month high of $37.60. The stock’s fifty day moving average price is $25.22 and its two-hundred day moving average price is $26.47.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $984.00 million during 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%. DENTSPLY SIRONA’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts forecast that DENTSPLY SIRONA will post 1.98 earnings per share for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.16 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 2.75%. DENTSPLY SIRONA’s payout ratio is -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.