DENTSPLY SIRONA (XRAY) Set to Announce Earnings on Thursday

DENTSPLY SIRONA (NASDAQ:XRAY) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect DENTSPLY SIRONA to post earnings of $0.42 per share for the quarter. DENTSPLY SIRONA has set its FY 2024 guidance at 2.000-2.100 EPS and its FY24 guidance at $2.00-$2.10 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $972.61 million. During the same period in the previous year, the company posted $0.46 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. 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 Trading Down 2.2 %

NASDAQ XRAY opened at $30.01 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. DENTSPLY SIRONA has a twelve month low of $26.27 and a twelve month high of $43.24. The firm has a market capitalization of $6.22 billion, a PE ratio of -48.40, a P/E/G ratio of 1.24 and a beta of 0.98. The stock’s 50 day moving average is $32.40 and its 200 day moving average is $32.78.

DENTSPLY SIRONA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.13%. DENTSPLY SIRONA’s payout ratio is currently -103.22%.

Analyst Ratings Changes

Several research firms recently weighed in on XRAY. Leerink Partnrs restated an “outperform” rating on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. Piper Sandler lifted their price target on DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Needham & Company LLC restated a “buy” rating and set a $42.00 price target on shares of DENTSPLY SIRONA in a research report on Thursday, February 29th. StockNews.com upgraded DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Finally, SVB Leerink assumed coverage on DENTSPLY SIRONA in a report on Monday, February 26th. They issued an “outperform” rating and a $42.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

DENTSPLY SIRONA Company Profile

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.