DENTSPLY SIRONA (XRAY) Hits New 1-Year High and Low at $49.60

DENTSPLY SIRONA Inc (NASDAQ:XRAY)’s share price hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $49.60 and last traded at $50.31, with a volume of 3175000 shares traded. The stock had previously closed at $49.95.

A number of equities analysts recently issued reports on the company. Barrington Research restated a “buy” rating and issued a $69.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, March 27th. HC Wainwright set a $63.00 target price on DENTSPLY SIRONA and gave the stock a “hold” rating in a report on Tuesday, March 27th. Barclays began coverage on DENTSPLY SIRONA in a report on Thursday, March 8th. They issued an “equal weight” rating and a $62.00 target price on the stock. JPMorgan Chase decreased their target price on DENTSPLY SIRONA from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, March 5th. Finally, Credit Suisse Group decreased their target price on DENTSPLY SIRONA from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. DENTSPLY SIRONA has an average rating of “Hold” and an average target price of $67.36.

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The stock has a market capitalization of $11,439.24, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.10 and a quick ratio of 1.45.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings data on Thursday, March 1st. The medical instruments supplier reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. DENTSPLY SIRONA had a positive return on equity of 8.35% and a negative net margin of 39.39%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. equities research analysts predict that DENTSPLY SIRONA Inc will post 2.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.0875 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.35 dividend on an annualized basis and a yield of 0.70%. DENTSPLY SIRONA’s payout ratio is 13.16%.

In related news, Director Eric Brandt sold 6,409 shares of DENTSPLY SIRONA stock in a transaction on Monday, January 8th. The stock was sold at an average price of $68.04, for a total transaction of $436,068.36. Following the completion of the sale, the director now owns 12,073 shares of the company’s stock, valued at $821,446.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.99% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XRAY. Janney Montgomery Scott LLC lifted its position in shares of DENTSPLY SIRONA by 2.0% in the third quarter. Janney Montgomery Scott LLC now owns 41,335 shares of the medical instruments supplier’s stock worth $2,472,000 after buying an additional 830 shares during the last quarter. BB&T Corp lifted its position in shares of DENTSPLY SIRONA by 5.9% in the fourth quarter. BB&T Corp now owns 15,528 shares of the medical instruments supplier’s stock worth $1,022,000 after buying an additional 866 shares during the last quarter. MML Investors Services LLC lifted its position in shares of DENTSPLY SIRONA by 24.9% in the fourth quarter. MML Investors Services LLC now owns 4,529 shares of the medical instruments supplier’s stock worth $298,000 after buying an additional 904 shares during the last quarter. Security National Bank of Sioux City Iowa IA lifted its position in shares of DENTSPLY SIRONA by 3.9% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 23,990 shares of the medical instruments supplier’s stock worth $1,435,000 after buying an additional 909 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of DENTSPLY SIRONA by 4.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,608 shares of the medical instruments supplier’s stock worth $1,418,000 after buying an additional 1,000 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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About DENTSPLY SIRONA

DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.

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