DENTSPLY SIRONA (XRAY) Set to Announce Quarterly Earnings on Thursday

DENTSPLY SIRONA (NASDAQ:XRAY) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. DENTSPLY SIRONA has set its FY 2024 guidance at 2.000-2.100 EPS and its FY24 guidance at $2.00-$2.10 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a negative net margin of 3.33% and a positive return on equity of 11.14%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $972.61 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, analysts expect DENTSPLY SIRONA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DENTSPLY SIRONA Stock Up 0.4 %

XRAY opened at $30.69 on Tuesday. DENTSPLY SIRONA has a fifty-two week low of $26.27 and a fifty-two week high of $43.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.95. The company’s 50-day moving average is $32.48 and its 200 day moving average is $32.78. The firm has a market capitalization of $6.36 billion, a P/E ratio of -49.50, a PEG ratio of 1.24 and a beta of 0.98.

DENTSPLY SIRONA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.64 annualized dividend and a dividend yield of 2.09%. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -103.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on XRAY shares. Leerink Partnrs restated an “outperform” rating on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. StockNews.com raised shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Barrington Research reaffirmed an “outperform” rating and issued a $41.00 price target on shares of DENTSPLY SIRONA in a report on Thursday, April 18th. SVB Leerink started coverage on DENTSPLY SIRONA in a research note on Monday, February 26th. They set an “outperform” rating and a $42.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of DENTSPLY SIRONA in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.