DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has been given an average rating of “Hold” by the fifteen brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $65.80.
A number of equities research analysts have commented on the company. Cleveland Research raised DENTSPLY SIRONA from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. HC Wainwright reissued a “buy” rating and issued a $68.00 price objective (down previously from $74.00) on shares of DENTSPLY SIRONA in a research note on Monday, August 14th. Morgan Stanley raised their price objective on DENTSPLY SIRONA from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Thursday, July 13th. Finally, TheStreet cut DENTSPLY SIRONA from a “b” rating to a “c+” rating in a research note on Wednesday, August 9th.
Large investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia boosted its position in shares of DENTSPLY SIRONA by 19.0% during the second quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock valued at $104,000 after buying an additional 260 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of DENTSPLY SIRONA during the second quarter valued at approximately $113,000. Dupont Capital Management Corp purchased a new position in shares of DENTSPLY SIRONA during the second quarter valued at approximately $116,000. Korea Investment CORP boosted its position in shares of DENTSPLY SIRONA by 139.9% during the second quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock valued at $139,000 after buying an additional 1,251 shares during the last quarter. Finally, Sphera Funds Management LTD. purchased a new position in shares of DENTSPLY SIRONA during the second quarter valued at approximately $162,000. 93.97% of the stock is currently owned by institutional investors.
DENTSPLY SIRONA (NASDAQ XRAY) traded up 1.05% during midday trading on Wednesday, reaching $58.44. The company’s stock had a trading volume of 3,016,837 shares. The firm’s market cap is $13.41 billion. The firm has a 50 day moving average of $57.77 and a 200 day moving average of $61.90. DENTSPLY SIRONA has a 52-week low of $52.54 and a 52-week high of $65.68.
DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Wednesday, August 9th. The medical instruments supplier reported $0.65 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.65. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The firm had revenue of $992.70 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that DENTSPLY SIRONA will post $2.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.35 annualized dividend and a dividend yield of 0.60%. DENTSPLY SIRONA’s payout ratio is -10.09%.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
Receive News & Ratings for DENTSPLY SIRONA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DENTSPLY SIRONA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.