DENTSPLY SIRONA (NASDAQ:XRAY) Updates Q3 2024 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.490-0.510 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of $951.0 million-$951.0 million, compared to the consensus revenue estimate of $937.9 million. DENTSPLY SIRONA also updated its Q3 guidance to $0.49-0.51 EPS.

Analysts Set New Price Targets

A number of equities analysts have commented on XRAY shares. Evercore ISI decreased their target price on DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of DENTSPLY SIRONA in a research report on Tuesday, August 20th. Barrington Research reissued an “outperform” rating and set a $36.00 price target on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Robert W. Baird lowered their price target on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Stifel Nicolaus cut 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 report on Thursday, July 18th. 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 has an average rating of “Moderate Buy” and a consensus target price of $33.22.

DENTSPLY SIRONA Price Performance

DENTSPLY SIRONA stock traded up $0.40 during trading hours on Thursday, hitting $24.41. 1,789,143 shares of the company traded hands, compared to its average volume of 2,962,144. The firm’s 50-day simple moving average is $25.26 and its two-hundred day simple moving average is $26.58. The firm has a market cap of $4.95 billion, a P/E ratio of -28.38, a P/E/G ratio of 1.17 and a beta of 1.00. DENTSPLY SIRONA has a 1-year low of $23.58 and a 1-year high of $37.60. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.57.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $984.00 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.51 EPS. As a group, analysts forecast that DENTSPLY SIRONA will post 1.98 earnings per share for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, September 27th. DENTSPLY SIRONA’s payout ratio is currently -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.