DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Receives Average Recommendation of “Hold” from Analysts

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have received an average rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $18.6364.

A number of equities analysts have recently commented on XRAY shares. Stifel Nicolaus cut their target price on shares of DENTSPLY SIRONA from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, August 8th. Wall Street Zen downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group reduced their target price on shares of DENTSPLY SIRONA from $25.00 to $24.00 and set a “buy” rating for the company in a report on Friday, August 8th. Wells Fargo & Company decreased their target price on shares of DENTSPLY SIRONA from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of DENTSPLY SIRONA in a report on Monday, July 21st.

Hedge Funds Weigh In On DENTSPLY SIRONA

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of DENTSPLY SIRONA by 9.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 494,737 shares of the medical instruments supplier’s stock worth $7,391,000 after acquiring an additional 40,936 shares during the period. Brown Advisory Inc. purchased a new position in DENTSPLY SIRONA during the first quarter worth about $679,000. Wealth Enhancement Advisory Services LLC raised its holdings in DENTSPLY SIRONA by 39.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 53,903 shares of the medical instruments supplier’s stock worth $805,000 after purchasing an additional 15,117 shares in the last quarter. GAMMA Investing LLC lifted its position in DENTSPLY SIRONA by 1,462.9% in the first quarter. GAMMA Investing LLC now owns 99,351 shares of the medical instruments supplier’s stock valued at $1,484,000 after purchasing an additional 92,994 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in DENTSPLY SIRONA in the 1st quarter valued at approximately $366,000. 95.70% of the stock is owned by institutional investors and hedge funds.

DENTSPLY SIRONA Stock Up 0.6%

XRAY opened at $13.62 on Wednesday. DENTSPLY SIRONA has a one year low of $12.16 and a one year high of $27.48. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.11 and a current ratio of 1.69. The stock has a market capitalization of $2.72 billion, a P/E ratio of -2.87, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96. The business’s 50-day simple moving average is $14.63 and its 200-day simple moving average is $14.97.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $929.67 million. DENTSPLY SIRONA had a positive return on equity of 16.33% and a negative net margin of 25.85%.The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. Analysts anticipate that DENTSPLY SIRONA will post 1.84 EPS for the current year.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.7%. DENTSPLY SIRONA’s payout ratio is presently -13.50%.

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.