DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Receives $39.50 Average PT from Brokerages

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $39.50.

Several analysts have commented on XRAY shares. Leerink Partnrs restated an “outperform” rating on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of DENTSPLY SIRONA in a research note on Thursday, February 29th. Piper Sandler boosted their target price on shares of DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, SVB Leerink began coverage on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. They issued an “outperform” rating and a $42.00 target price for the company.

Institutional Investors Weigh In On DENTSPLY SIRONA

A number of hedge funds have recently modified their holdings of XRAY. VisionPoint Advisory Group LLC grew its holdings in shares of DENTSPLY SIRONA by 104.2% in the third quarter. VisionPoint Advisory Group LLC now owns 774 shares of the medical instruments supplier’s stock valued at $26,000 after purchasing an additional 395 shares during the period. Principal Securities Inc. purchased a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at about $26,000. SOA Wealth Advisors LLC. purchased a new stake in shares of DENTSPLY SIRONA in the third quarter valued at about $27,000. Headlands Technologies LLC purchased a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at about $30,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of DENTSPLY SIRONA by 33.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,169 shares of the medical instruments supplier’s stock valued at $42,000 after purchasing an additional 292 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Down 2.2 %

XRAY stock opened at $31.30 on Wednesday. The firm has a 50 day moving average of $33.08 and a 200 day moving average of $32.97. The stock has a market capitalization of $6.49 billion, a PE ratio of -50.48, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. DENTSPLY SIRONA has a 52 week low of $26.27 and a 52 week high of $43.24.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $972.61 million. DENTSPLY SIRONA had a negative net margin of 3.33% and a positive return on equity of 11.14%. DENTSPLY SIRONA’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Sell-side analysts forecast that DENTSPLY SIRONA will post 2.05 earnings per share for the current year.

DENTSPLY SIRONA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.04%. DENTSPLY SIRONA’s dividend payout ratio is presently -103.22%.

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.