DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) declared that its board has approved a stock repurchase plan on Thursday, November 9th, RTT News reports. The company plans to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the medical instruments supplier to purchase up to 16.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
DENTSPLY SIRONA Trading Down 1.7 %
Shares of NASDAQ:XRAY opened at $27.91 on Tuesday. The stock has a market capitalization of $5.91 billion, a PE ratio of -27.63, a P/E/G ratio of 1.96 and a beta of 0.99. DENTSPLY SIRONA has a 1 year low of $26.27 and a 1 year high of $43.24. The firm has a fifty day moving average price of $32.56 and a 200 day moving average price of $36.92. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. DENTSPLY SIRONA had a negative net margin of 5.44% and a positive return on equity of 10.91%. The company had revenue of $947.00 million during the quarter, compared to analysts’ expectations of $975.21 million. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that DENTSPLY SIRONA will post 1.82 EPS for the current fiscal year.
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About DENTSPLY SIRONA
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 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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