DENTSPLY SIRONA (NASDAQ:XRAY) Releases FY 2024 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.820-1.860 for the period, compared to the consensus earnings per share estimate of 1.980. The company issued revenue guidance of $3.8 billion-$3.8 billion, compared to the consensus revenue estimate of $3.9 billion.

DENTSPLY SIRONA Stock Up 2.5 %

XRAY opened at $23.98 on Thursday. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of -27.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. The firm’s fifty day moving average is $24.99 and its 200 day moving average is $26.04. DENTSPLY SIRONA has a fifty-two week low of $22.84 and a fifty-two week high of $37.60.

Analyst Ratings Changes

A number of research firms have recently weighed in on XRAY. StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $36.00 price objective on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Needham & Company LLC lowered their target price on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Evercore ISI cut their target price on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus decreased 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 note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, DENTSPLY SIRONA has a consensus rating of “Moderate Buy” and a consensus target price of $31.88.

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.