DENTSPLY SIRONA (NASDAQ:XRAY) Hits New 1-Year Low on Disappointing Earnings

DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s stock price hit a new 52-week low on Thursday following a weaker than expected earnings announcement. The stock traded as low as $10.93 and last traded at $10.8110, with a volume of 748506 shares traded. The stock had previously closed at $12.62.

The medical instruments supplier reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share. DENTSPLY SIRONA has set its FY 2025 guidance at 1.600-1.600 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XRAY shares. Needham & Company LLC reissued a “hold” rating on shares of DENTSPLY SIRONA in a report on Friday, September 26th. Wall Street Zen downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Wells Fargo & Company cut their price objective on DENTSPLY SIRONA from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Evercore ISI cut their price objective on DENTSPLY SIRONA from $17.00 to $13.00 and set an “in-line” rating on the stock in a report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price objective on DENTSPLY SIRONA from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XRAY. Brooklyn Investment Group bought a new position in DENTSPLY SIRONA during the 1st quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in DENTSPLY SIRONA during the 1st quarter worth approximately $26,000. Trust Co. of Toledo NA OH bought a new position in DENTSPLY SIRONA during the 2nd quarter worth approximately $27,000. Parkside Financial Bank & Trust raised its holdings in DENTSPLY SIRONA by 620.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,715 shares of the medical instruments supplier’s stock worth $27,000 after purchasing an additional 1,477 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in DENTSPLY SIRONA by 8,003.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,269 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 2,241 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Trading Down 13.5%

The firm’s fifty day simple moving average is $13.11 and its 200-day simple moving average is $14.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.11 and a current ratio of 1.69. The stock has a market cap of $2.18 billion, a P/E ratio of -2.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.00.

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.