DENTSPLY SIRONA (NASDAQ:XRAY) Shares Gap Up to $35.11

DENTSPLY SIRONA Inc. (NASDAQ:XRAYGet Rating)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $35.11, but opened at $36.24. DENTSPLY SIRONA shares last traded at $35.41, with a volume of 7,440 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler cut their price objective on shares of DENTSPLY SIRONA from $38.00 to $29.00 in a research report on Monday, November 14th. William Blair upgraded shares of DENTSPLY SIRONA from an “underperform” rating to a “market perform” rating in a research report on Wednesday. TheStreet cut shares of DENTSPLY SIRONA from a “c” rating to a “d” rating in a research report on Monday, November 14th. StockNews.com initiated coverage on shares of DENTSPLY SIRONA in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Barrington Research dropped their price target on shares of DENTSPLY SIRONA from $51.00 to $40.00 in a research report on Tuesday, November 15th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.70.

DENTSPLY SIRONA Stock Up 1.5 %

The company has a quick ratio of 1.04, a current ratio of 1.50 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 4.45 and a beta of 0.87. The business’s fifty day moving average is $31.41 and its two-hundred day moving average is $32.39.

DENTSPLY SIRONA (NASDAQ:XRAYGet Rating) last announced its quarterly earnings data on Monday, November 14th. The medical instruments supplier reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). The business had revenue of $947.00 million during the quarter, compared to analyst estimates of $1.01 billion. DENTSPLY SIRONA had a negative net margin of 20.81% and a positive return on equity of 9.63%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. Equities analysts forecast that DENTSPLY SIRONA Inc. will post 1.96 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.50 dividend on an annualized basis and a yield of 1.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in DENTSPLY SIRONA in the fourth quarter worth approximately $255,000. Yousif Capital Management LLC lifted its stake in DENTSPLY SIRONA by 7.0% in the fourth quarter. Yousif Capital Management LLC now owns 39,731 shares of the medical instruments supplier’s stock worth $1,265,000 after acquiring an additional 2,602 shares during the last quarter. MQS Management LLC purchased a new position in DENTSPLY SIRONA in the third quarter worth approximately $204,000. Robeco Institutional Asset Management B.V. lifted its stake in DENTSPLY SIRONA by 6.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 85,717 shares of the medical instruments supplier’s stock worth $2,429,000 after acquiring an additional 5,196 shares during the last quarter. Finally, Toroso Investments LLC lifted its stake in DENTSPLY SIRONA by 40.3% in the third quarter. Toroso Investments LLC now owns 15,481 shares of the medical instruments supplier’s stock worth $439,000 after acquiring an additional 4,448 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

DENTSPLY SIRONA Company Profile

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DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed clear aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products.

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