DENTSPLY SIRONA Inc. (NASDAQ:XRAY) to Issue Quarterly Dividend of $0.16

DENTSPLY SIRONA Inc. (NASDAQ:XRAYGet Free Report) announced a quarterly dividend on Wednesday, May 22nd, RTT News reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, July 12th. This represents a $0.64 annualized dividend and a yield of 2.33%.

DENTSPLY SIRONA has raised its dividend by an average of 11.9% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DENTSPLY SIRONA to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 27.2%.

DENTSPLY SIRONA Price Performance

Shares of DENTSPLY SIRONA stock opened at $27.52 on Friday. The firm has a market cap of $5.71 billion, a P/E ratio of -62.54, a price-to-earnings-growth ratio of 1.25 and a beta of 1.00. The firm’s 50-day simple moving average is $30.63 and its 200-day simple moving average is $32.42. DENTSPLY SIRONA has a twelve month low of $26.27 and a twelve month high of $41.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.43.

DENTSPLY SIRONA (NASDAQ:XRAYGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $953.00 million for the quarter, compared to analyst estimates of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. As a group, research analysts expect that DENTSPLY SIRONA will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XRAY has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on DENTSPLY SIRONA from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Leerink Partnrs reaffirmed an “outperform” rating on shares of DENTSPLY SIRONA in a report on Monday, February 26th. Evercore ISI lowered their price objective on shares of DENTSPLY SIRONA from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Piper Sandler reissued a “neutral” rating and issued a $32.00 price target (down previously from $35.00) on shares of DENTSPLY SIRONA in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

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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.

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