DENTSPLY SIRONA (NASDAQ:XRAY) Releases Q3 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.49-0.51 for the period, compared to the consensus EPS 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.

DENTSPLY SIRONA Price Performance

Shares of DENTSPLY SIRONA stock traded down $1.10 during trading on Friday, hitting $23.31. 3,688,505 shares of the company were exchanged, compared to its average volume of 2,965,741. DENTSPLY SIRONA has a fifty-two week low of $22.85 and a fifty-two week 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. The firm has a 50 day moving average price of $25.26 and a 200 day moving average price of $26.58. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of -27.13, a P/E/G ratio of 1.17 and a beta of 1.00.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $984.00 million during the quarter, compared to analysts’ expectations of $993.61 million. DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities analysts expect that DENTSPLY SIRONA will post 1.98 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.75%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -74.42%.

Wall Street Analyst Weigh In

Several research firms recently commented on XRAY. Needham & Company LLC dropped their target price on DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird reduced their price target on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Evercore ISI reduced 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. Stifel Nicolaus reduced 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. Finally, Barrington Research reissued an “outperform” rating and issued a $36.00 price objective on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

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.