DENTSPLY SIRONA Inc. (XRAY) To Go Ex-Dividend on March 28th

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, April 11th. This represents a $0.64 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Friday, March 28th.

DENTSPLY SIRONA has increased its dividend by an average of 14.2% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Trading Down 3.5 %

Shares of DENTSPLY SIRONA stock opened at $16.55 on Friday. The company has a 50-day moving average of $18.88 and a two-hundred day moving average of $21.55. The stock has a market cap of $3.29 billion, a PE ratio of -8.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA has a 12-month low of $16.21 and a 12-month high of $34.91. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72.

Wall Street Analysts Forecast Growth

XRAY has been the topic of several research reports. Morgan Stanley lowered their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Barrington Research lowered their price target on shares of DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird lowered their price target on shares of DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Mizuho initiated coverage on shares of DENTSPLY SIRONA in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.58.

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.