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

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.50.

Several equities research analysts have recently issued reports on XRAY shares. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Piper Sandler raised their price target on shares of DENTSPLY SIRONA from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. SVB Leerink began coverage on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. They set an “outperform” rating and a $42.00 price objective for the company. Leerink Partnrs restated an “outperform” rating on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $41.00 price target on shares of DENTSPLY SIRONA in a report on Friday, March 1st.

DENTSPLY SIRONA Stock Performance

Shares of XRAY opened at $30.79 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.95. DENTSPLY SIRONA has a one year low of $26.27 and a one year high of $43.24. The company’s fifty day moving average price is $32.96 and its 200 day moving average price is $32.90. The company has a market capitalization of $6.38 billion, a PE ratio of -49.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Thursday, February 29th. The medical instruments supplier reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $972.61 million. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, analysts expect that DENTSPLY SIRONA will post 2.05 earnings per share for the current year.

DENTSPLY SIRONA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.16 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.08%. DENTSPLY SIRONA’s dividend payout ratio is presently -103.22%.

Institutional Trading of DENTSPLY SIRONA

A number of large investors have recently bought and sold shares of the stock. Bar Harbor Wealth Management acquired a new stake in shares of DENTSPLY SIRONA in the 4th quarter valued at $4,931,000. DAVENPORT & Co LLC acquired a new position in DENTSPLY SIRONA in the fourth quarter valued at about $1,220,000. Andra AP fonden grew its stake in DENTSPLY SIRONA by 20.3% during the third quarter. Andra AP fonden now owns 302,700 shares of the medical instruments supplier’s stock worth $10,340,000 after buying an additional 51,100 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of DENTSPLY SIRONA by 98.1% during the third quarter. Envestnet Asset Management Inc. now owns 347,220 shares of the medical instruments supplier’s stock worth $11,861,000 after buying an additional 171,958 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of DENTSPLY SIRONA in the third quarter valued at approximately $802,000. 95.70% of the stock is currently owned by institutional investors.

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.