DENTSPLY SIRONA (NASDAQ:XRAY) Sets New 12-Month Low – Here’s What Happened

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) reached a new 52-week low on Friday . The company traded as low as $11.97 and last traded at $11.96, with a volume of 595225 shares trading hands. The stock had previously closed at $12.22.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XRAY shares. Needham & Company LLC reiterated a “hold” rating on shares of DENTSPLY SIRONA in a research report on Friday, September 26th. Barrington Research reduced their price objective on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Wall Street Zen upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. UBS Group reduced their price objective on shares of DENTSPLY SIRONA from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Evercore ISI reduced their price objective on shares of DENTSPLY SIRONA from $17.00 to $13.00 and set an “in-line” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus price target of $18.00.

DENTSPLY SIRONA Trading Down 3.2%

The stock has a fifty day moving average of $13.50 and a 200-day moving average of $14.60. 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 company has a market cap of $2.36 billion, a PE ratio of -2.50, a PEG ratio of 0.74 and a beta of 0.96.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data 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. DENTSPLY SIRONA had a positive return on equity of 16.33% and a negative net margin of 25.85%.The company had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $929.67 million. During the same quarter in the previous year, the business earned $0.49 EPS. DENTSPLY SIRONA’s revenue was down 4.9% compared to the same quarter last year. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. Sell-side analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Friday, September 26th. DENTSPLY SIRONA’s dividend payout ratio is -13.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in shares of DENTSPLY SIRONA by 26.2% in the third quarter. Sound Income Strategies LLC now owns 461,924 shares of the medical instruments supplier’s stock valued at $5,645,000 after purchasing an additional 95,980 shares during the period. 1620 Investment Advisors Inc. increased its holdings in shares of DENTSPLY SIRONA by 7.1% in the third quarter. 1620 Investment Advisors Inc. now owns 23,468 shares of the medical instruments supplier’s stock valued at $298,000 after purchasing an additional 1,554 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of DENTSPLY SIRONA by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 4,000 shares of the medical instruments supplier’s stock valued at $51,000 after purchasing an additional 2,000 shares during the period. Corient Private Wealth LLC acquired a new position in shares of DENTSPLY SIRONA in the second quarter valued at about $487,000. Finally, Cim Investment Management Inc. increased its holdings in shares of DENTSPLY SIRONA by 99.7% in the second quarter. Cim Investment Management Inc. now owns 48,321 shares of the medical instruments supplier’s stock valued at $842,000 after purchasing an additional 24,120 shares during the period. 95.70% of the stock is owned by institutional investors and hedge funds.

DENTSPLY SIRONA Company Profile

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.