DENTSPLY SIRONA (XRAY) Scheduled to Post Earnings on Thursday

DENTSPLY SIRONA (NASDAQ:XRAY) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect DENTSPLY SIRONA to post earnings of $0.42 per share for the quarter. DENTSPLY SIRONA has set its FY 2024 guidance at 2.000-2.100 EPS and its FY24 guidance at $2.00-$2.10 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $972.61 million. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. On average, analysts expect DENTSPLY SIRONA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY opened at $30.01 on Wednesday. The stock has a market cap of $6.22 billion, a P/E ratio of -48.40, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average is $32.40 and its 200-day moving average is $32.78. DENTSPLY SIRONA has a 1-year low of $26.27 and a 1-year high of $43.24.

DENTSPLY SIRONA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.16 per share. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 27th. DENTSPLY SIRONA’s payout ratio is -103.22%.

Analyst Ratings Changes

XRAY has been the topic of several analyst reports. Leerink Partnrs reiterated an “outperform” rating on shares of DENTSPLY SIRONA in a report on Monday, February 26th. StockNews.com upgraded DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Piper Sandler upped their target price on DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 12th. SVB Leerink initiated coverage on DENTSPLY SIRONA in a report on Monday, February 26th. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of DENTSPLY SIRONA in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.50.

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.