DENTSPLY SIRONA (NASDAQ:XRAY) Issues Q3 2024 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.490-0.510 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of $951.0 million-$951.0 million, compared to the consensus revenue estimate of $937.9 million.

DENTSPLY SIRONA Stock Performance

XRAY stock traded up $0.40 during midday trading on Thursday, hitting $24.41. The stock had a trading volume of 1,789,143 shares, compared to its average volume of 2,962,144. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of -28.45, a P/E/G ratio of 1.17 and a beta of 1.00. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a 50-day simple moving average of $25.29 and a 200 day simple moving average of $26.59. DENTSPLY SIRONA has a 52 week low of $23.58 and a 52 week high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $984.00 million during the quarter, compared to the consensus estimate of $993.61 million. DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities research analysts anticipate that DENTSPLY SIRONA will post 1.98 earnings per share for the current year.

DENTSPLY SIRONA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, September 27th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -74.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XRAY shares. Robert W. Baird lowered their target price on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Evercore ISI decreased their price objective on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of DENTSPLY SIRONA in a research note on Friday, September 20th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus cut their price objective on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.22.

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.