Brokerages Set DENTSPLY SIRONA Inc. (NASDAQ:XRAY) PT at $20.36

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has been given a consensus rating of “Hold” by the thirteen brokerages that are covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.36.

A number of brokerages have issued reports on XRAY. Morgan Stanley cut DENTSPLY SIRONA from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a report on Tuesday, April 15th. Piper Sandler lowered their target price on DENTSPLY SIRONA from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Mizuho lowered their target price on DENTSPLY SIRONA from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Robert W. Baird lowered their target price on DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Finally, Wall Street Zen upgraded DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

Institutional Trading of DENTSPLY SIRONA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in DENTSPLY SIRONA in the fourth quarter worth about $26,000. Riverview Trust Co bought a new position in DENTSPLY SIRONA during the fourth quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in DENTSPLY SIRONA during the first quarter worth about $25,000. Brooklyn Investment Group bought a new position in DENTSPLY SIRONA during the first quarter worth about $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in DENTSPLY SIRONA during the first quarter worth about $26,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

DENTSPLY SIRONA Stock Down 2.4%

Shares of NASDAQ XRAY opened at $15.63 on Monday. The stock has a market cap of $3.11 billion, a PE ratio of -7.55, a PEG ratio of 1.80 and a beta of 0.95. The business has a fifty day moving average of $14.85 and a two-hundred day moving average of $16.82. DENTSPLY SIRONA has a 52-week low of $12.16 and a 52-week high of $27.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Thursday, May 8th. The medical instruments supplier reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The company had revenue of $879.00 million during the quarter, compared to analysts’ expectations of $854.75 million. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The business’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. As a group, equities research analysts expect that DENTSPLY SIRONA will post 1.84 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.64 dividend on an annualized basis and a yield of 4.09%. DENTSPLY SIRONA’s payout ratio is -14.10%.

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.