DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Free Report) hit a new 52-week low during mid-day trading on Friday after Needham & Company LLC lowered their price target on the stock from $34.00 to $29.00. Needham & Company LLC currently has a buy rating on the stock. DENTSPLY SIRONA traded as low as $22.85 and last traded at $23.37, with a volume of 714347 shares changing hands. The stock had previously closed at $24.41.
A number of other research analysts have also recently issued reports on XRAY. 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. Robert W. Baird reduced their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of DENTSPLY SIRONA in a research note on Friday, September 20th. Finally, 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.67.
Check Out Our Latest Stock Analysis on DENTSPLY SIRONA
Hedge Funds Weigh In On DENTSPLY SIRONA
DENTSPLY SIRONA Stock Performance
The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a market cap of $4.73 billion, a price-to-earnings ratio of -27.33, a P/E/G ratio of 1.17 and a beta of 1.00. The stock has a 50 day moving average price of $25.26 and a two-hundred day moving average price of $26.58.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last released its 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 company had revenue of $984.00 million during the quarter, compared to analyst estimates of $993.61 million. During the same period in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Analysts predict that DENTSPLY SIRONA Inc. will post 1.98 EPS for the current year.
DENTSPLY SIRONA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, September 27th. DENTSPLY SIRONA’s payout ratio is -74.42%.
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.
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