DENTSPLY SIRONA (NASDAQ:XRAY) Releases FY24 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.00-$2.10 for the period, compared to the consensus earnings per share estimate of $2.06. The company issued revenue guidance of $3.91-$3.97 billion, compared to the consensus revenue estimate of $4.00 billion.

Analyst Ratings Changes

XRAY has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of DENTSPLY SIRONA from $35.00 to $33.00 and set a neutral rating on the stock in a report on Friday. StockNews.com downgraded DENTSPLY SIRONA from a buy rating to a hold rating in a research note on Friday. SVB Leerink assumed coverage on DENTSPLY SIRONA in a research note on Monday, February 26th. They issued an outperform rating and a $42.00 price objective for the company. Piper Sandler reaffirmed a neutral rating and set a $32.00 target price (down previously from $35.00) on shares of DENTSPLY SIRONA in a research report on Friday. Finally, Barrington Research lowered their price target on DENTSPLY SIRONA from $41.00 to $38.00 and set an outperform rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of Moderate Buy and a consensus price target of $36.90.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY traded down $0.09 during trading hours on Friday, reaching $28.29. The stock had a trading volume of 4,506,597 shares, compared to its average volume of 2,671,334. DENTSPLY SIRONA has a 12-month low of $26.27 and a 12-month high of $41.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.43. The stock has a 50 day simple moving average of $32.13 and a 200 day simple moving average of $32.71.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $953.00 million during the quarter, compared to analyst estimates of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Sell-side analysts forecast that DENTSPLY SIRONA will post 2.04 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. Shareholders of record on Friday, March 29th were paid a $0.16 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.64 annualized dividend and a yield of 2.26%. This is an increase from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -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.