DENTSPLY SIRONA (NASDAQ:XRAY) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

DENTSPLY SIRONA (NASDAQ:XRAY) announced its quarterly earnings data on Thursday. The medical instruments supplier reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08), Zacks reports. The business had revenue of $904.00 million for the quarter, compared to the consensus estimate of $900.33 million. DENTSPLY SIRONA had a positive return on equity of 16.33% and a negative net margin of 25.85%.DENTSPLY SIRONA’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. DENTSPLY SIRONA updated its FY 2025 guidance to 1.600-1.600 EPS.

DENTSPLY SIRONA Stock Down 12.7%

DENTSPLY SIRONA stock traded down $1.60 during mid-day trading on Thursday, reaching $11.02. The stock had a trading volume of 10,225,032 shares, compared to its average volume of 3,052,153. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.11 and a current ratio of 1.69. DENTSPLY SIRONA has a fifty-two week low of $10.69 and a fifty-two week high of $20.59. The stock’s 50-day simple moving average is $13.11 and its 200-day simple moving average is $14.51. The firm has a market capitalization of $2.20 billion, a PE ratio of -2.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. State of Wyoming boosted its position in shares of DENTSPLY SIRONA by 52.8% during the second quarter. State of Wyoming now owns 19,091 shares of the medical instruments supplier’s stock valued at $303,000 after buying an additional 6,596 shares during the last quarter. Pitcairn Co. purchased a new position in shares of DENTSPLY SIRONA during the second quarter valued at approximately $160,000. CANADA LIFE ASSURANCE Co boosted its position in DENTSPLY SIRONA by 1.7% in the second quarter. CANADA LIFE ASSURANCE Co now owns 205,811 shares of the medical instruments supplier’s stock worth $3,268,000 after purchasing an additional 3,352 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in DENTSPLY SIRONA by 26.7% in the second quarter. Tower Research Capital LLC TRC now owns 15,273 shares of the medical instruments supplier’s stock worth $243,000 after purchasing an additional 3,219 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in DENTSPLY SIRONA in the second quarter worth $492,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on DENTSPLY SIRONA from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Stifel Nicolaus set a $13.00 target price on DENTSPLY SIRONA in a research report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $18.00 target price on shares of DENTSPLY SIRONA in a research report on Wednesday, October 29th. Wall Street Zen downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of DENTSPLY SIRONA in a research report on Friday, September 26th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.55.

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.