DENTSPLY SIRONA (XRAY) Set to Announce Earnings on Thursday

DENTSPLY SIRONA (NASDAQ:XRAY) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. DENTSPLY SIRONA has set its FY 2024 guidance at 2.000-2.100 EPS and its FY24 guidance at $2.00-$2.10 EPS.Investors interested in registering for the company’s conference call can do so using this link.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $972.61 million. During the same period last year, the company earned $0.46 EPS. DENTSPLY SIRONA’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect DENTSPLY SIRONA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY opened at $30.92 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.38. DENTSPLY SIRONA has a fifty-two week low of $26.27 and a fifty-two week high of $43.24. The firm has a market cap of $6.41 billion, a PE ratio of -49.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The business has a 50 day moving average price of $32.70 and a 200-day moving average price of $32.81.

DENTSPLY SIRONA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.16 per share. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 27th. DENTSPLY SIRONA’s dividend payout ratio is currently -103.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. SVB Leerink initiated coverage on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. They set an “outperform” rating and a $42.00 price objective for the company. Barrington Research reissued an “outperform” rating and set a $41.00 target price on shares of DENTSPLY SIRONA in a research note on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target on shares of DENTSPLY SIRONA in a research note on Thursday, February 29th. Piper Sandler boosted their price objective on shares of DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Finally, StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.50.

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.