William Blair Analysts Decrease Earnings Estimates for DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

DENTSPLY SIRONA Inc. (NASDAQ:XRAYGet Rating) – Stock analysts at William Blair lowered their Q2 2022 earnings per share (EPS) estimates for shares of DENTSPLY SIRONA in a research note issued to investors on Tuesday, May 10th. William Blair analyst J. Kreger now anticipates that the medical instruments supplier will earn $0.62 per share for the quarter, down from their prior estimate of $0.65. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for DENTSPLY SIRONA’s Q3 2022 earnings at $0.64 EPS, Q4 2022 earnings at $0.66 EPS, FY2022 earnings at $2.44 EPS, FY2023 earnings at $2.68 EPS, FY2024 earnings at $3.01 EPS, FY2025 earnings at $3.34 EPS and FY2026 earnings at $3.66 EPS.

DENTSPLY SIRONA (NASDAQ:XRAYGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The medical instruments supplier reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). DENTSPLY SIRONA had a net margin of 9.90% and a return on equity of 12.51%. The company had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $982.05 million. During the same period in the previous year, the business earned $0.72 EPS. DENTSPLY SIRONA’s revenue for the quarter was up 841.1% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Bank of America cut DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $49.00 in a research note on Tuesday, April 19th. Robert W. Baird cut DENTSPLY SIRONA from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $67.00 to $48.00 in a research note on Tuesday, April 19th. Barrington Research decreased their price target on DENTSPLY SIRONA from $53.00 to $51.00 in a research note on Wednesday. Morgan Stanley decreased their price target on DENTSPLY SIRONA from $62.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Finally, Credit Suisse Group decreased their price target on DENTSPLY SIRONA from $68.00 to $67.00 and set an “outperform” rating for the company in a research note on Tuesday, March 1st. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.89.

Shares of XRAY stock opened at $37.68 on Thursday. DENTSPLY SIRONA has a 1-year low of $35.00 and a 1-year high of $69.07. The stock’s 50-day moving average is $46.25 and its 200 day moving average is $51.47. The company has a market cap of $8.12 billion, a P/E ratio of 19.63, a PEG ratio of 2.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.55 and a quick ratio of 1.12.

Several large investors have recently modified their holdings of the company. Optimal Asset Management Inc. boosted its stake in shares of DENTSPLY SIRONA by 0.3% in the third quarter. Optimal Asset Management Inc. now owns 68,883 shares of the medical instruments supplier’s stock worth $3,999,000 after acquiring an additional 186 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of DENTSPLY SIRONA by 0.4% in the fourth quarter. State of Michigan Retirement System now owns 55,049 shares of the medical instruments supplier’s stock worth $3,071,000 after acquiring an additional 200 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of DENTSPLY SIRONA by 0.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 28,920 shares of the medical instruments supplier’s stock worth $1,613,000 after acquiring an additional 201 shares during the last quarter. Signaturefd LLC boosted its stake in shares of DENTSPLY SIRONA by 13.0% in the fourth quarter. Signaturefd LLC now owns 1,786 shares of the medical instruments supplier’s stock worth $100,000 after acquiring an additional 205 shares during the last quarter. Finally, Headinvest LLC boosted its stake in shares of DENTSPLY SIRONA by 0.4% in the third quarter. Headinvest LLC now owns 61,365 shares of the medical instruments supplier’s stock worth $3,562,000 after acquiring an additional 216 shares during the last quarter. 94.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Eric Brandt sold 6,900 shares of DENTSPLY SIRONA stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $39.71, for a total transaction of $273,999.00. Following the completion of the transaction, the director now directly owns 35,155 shares in the company, valued at $1,396,005.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 25th were given a dividend of $0.125 per share. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, March 24th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently 26.04%.

DENTSPLY SIRONA Company Profile (Get Rating)

DENTSPLY SIRONA Inc designs, develops, manufactures, distributes, and sells various dental products and technologies for professional dental market worldwide. It offers dental equipment, including treatment centers, imaging equipment, motorized dental handpieces, and other instruments; imaging equipment; treatment centers comprising basic dentist chairs, sophisticated chair-based units with integrated diagnostic, hygiene and ergonomic functionalities, and specialist centers; and lab equipment, such as amalgamators, mixing machines, and porcelain furnaces.

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Earnings History and Estimates for DENTSPLY SIRONA (NASDAQ:XRAY)

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