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 EPS guidance of 0.490-0.510 for the period, compared to the consensus EPS 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.

DENTSPLY SIRONA Trading Up 1.7 %

NASDAQ XRAY traded up $0.40 on Thursday, hitting $24.41. 1,789,143 shares of the stock were exchanged, compared to its average volume of 2,962,144. The company’s 50-day moving average price is $25.26 and its two-hundred day moving average price is $26.58. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -28.38, a P/E/G ratio of 1.17 and a beta of 1.00. DENTSPLY SIRONA has a 52-week low of $23.58 and a 52-week high of $37.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 0.87.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The business had revenue of $984.00 million for the quarter, compared to analyst estimates of $993.61 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. Research analysts predict that DENTSPLY SIRONA will post 1.98 EPS for the current year.

DENTSPLY SIRONA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 2.62%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -74.42%.

Analysts Set New Price Targets

XRAY has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 target price on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Evercore ISI cut their price target 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. Stifel Nicolaus reduced their target price 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. Robert W. Baird decreased 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of DENTSPLY SIRONA in a research note on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.22.

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.