DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Given Average Recommendation of “Moderate Buy” by Brokerages

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.89.

Several analysts recently commented on the stock. SVB Leerink started coverage on shares of DENTSPLY SIRONA in a report on Monday, February 26th. They set an “outperform” rating and a $42.00 price target for the company. Evercore ISI lowered their price target on shares of DENTSPLY SIRONA from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird dropped their price target on shares of DENTSPLY SIRONA from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday. Piper Sandler reissued a “neutral” rating and set a $32.00 price objective (down previously from $35.00) on shares of DENTSPLY SIRONA in a research report on Friday. Finally, Leerink Partnrs reaffirmed an “outperform” rating on shares of DENTSPLY SIRONA in a research report on Monday, February 26th.

Hedge Funds Weigh In On DENTSPLY SIRONA

Institutional investors have recently modified their holdings of the company. VisionPoint Advisory Group LLC boosted its holdings in shares of DENTSPLY SIRONA by 104.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 774 shares of the medical instruments supplier’s stock worth $26,000 after buying an additional 395 shares during the period. Principal Securities Inc. acquired a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its position in shares of DENTSPLY SIRONA by 33.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,169 shares of the medical instruments supplier’s stock worth $42,000 after purchasing an additional 292 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of DENTSPLY SIRONA during the 4th quarter worth about $47,000. Institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Price Performance

Shares of NASDAQ:XRAY opened at $28.29 on Friday. The company has a market cap of $5.87 billion, a P/E ratio of -64.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The company’s fifty day moving average is $32.13 and its two-hundred day moving average is $32.71. The company has a quick ratio of 0.95, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. DENTSPLY SIRONA has a 12-month low of $26.27 and a 12-month high of $41.65.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The firm had revenue of $953.00 million for the quarter, compared to analyst estimates of $969.45 million. During the same period in the previous year, the firm earned $0.39 earnings per share. DENTSPLY SIRONA’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts expect that DENTSPLY SIRONA will post 2.05 earnings per share for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a yield of 2.26%. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s dividend payout ratio is presently -145.45%.

About DENTSPLY SIRONA

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.