DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Receives Average Recommendation of “Hold” from Analysts

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.33.

XRAY has been the topic of several recent analyst reports. Robert W. Baird lowered their target price on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Evercore ISI restated an “in-line” rating and set a $20.00 target price on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Jefferies Financial Group lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and lowered their target price for the stock from $30.00 to $20.00 in a research report on Thursday, January 23rd. Mizuho began coverage on shares of DENTSPLY SIRONA in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price target on the stock. Finally, Leerink Partnrs lowered shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Institutional Trading of DENTSPLY SIRONA

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ieq Capital LLC bought a new position in DENTSPLY SIRONA during the fourth quarter worth $2,334,000. Alberta Investment Management Corp acquired a new position in DENTSPLY SIRONA during the 4th quarter worth about $2,574,000. Sanctuary Advisors LLC acquired a new position in DENTSPLY SIRONA during the 4th quarter worth about $255,000. State of New Jersey Common Pension Fund D lifted its position in DENTSPLY SIRONA by 41.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 111,184 shares of the medical instruments supplier’s stock worth $2,110,000 after buying an additional 32,720 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in DENTSPLY SIRONA by 22.6% during the 4th quarter. Blue Trust Inc. now owns 7,959 shares of the medical instruments supplier’s stock worth $151,000 after buying an additional 1,467 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

DENTSPLY SIRONA Trading Down 2.1 %

Shares of NASDAQ:XRAY opened at $19.35 on Tuesday. The company’s 50 day moving average is $19.14 and its two-hundred day moving average is $22.38. DENTSPLY SIRONA has a 52 week low of $17.21 and a 52 week high of $34.91. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a market cap of $3.85 billion, a PE ratio of -9.35, a P/E/G ratio of 1.88 and a beta of 0.96.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $951.00 million during the quarter, compared to analysts’ expectations of $939.10 million. DENTSPLY SIRONA had a negative net margin of 10.59% and a positive return on equity of 12.62%. DENTSPLY SIRONA’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Equities analysts predict that DENTSPLY SIRONA will post 1.84 earnings per share for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -30.92%.

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.