DENTSPLY SIRONA (NASDAQ:XRAY) Issues FY24 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.00-$2.10 for the period, compared to the consensus EPS estimate of $2.06. The company issued revenue guidance of $3.91-$3.97 billion, compared to the consensus revenue estimate of $4.00 billion.

Wall Street Analyst Weigh In

XRAY has been the topic of several analyst reports. StockNews.com downgraded shares of DENTSPLY SIRONA from a buy rating to a hold rating in a report on Friday. Evercore ISI lowered their price objective on DENTSPLY SIRONA from $40.00 to $35.00 and set an outperform rating on the stock in a report on Friday. Robert W. Baird cut their target price on DENTSPLY SIRONA from $35.00 to $33.00 and set a neutral rating for the company in a research note on Friday. Barrington Research decreased their price target on DENTSPLY SIRONA from $41.00 to $38.00 and set an outperform rating on the stock in a research note on Friday. Finally, Needham & Company LLC dropped their price objective on DENTSPLY SIRONA from $42.00 to $36.00 and set a buy rating on the stock in a report on Friday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $36.90.

DENTSPLY SIRONA Price Performance

XRAY stock traded down $0.09 during midday trading on Friday, hitting $28.29. 4,506,597 shares of the stock were exchanged, compared to its average volume of 2,671,334. The stock’s 50-day moving average price is $32.13 and its 200-day moving average price is $32.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.43. DENTSPLY SIRONA has a fifty-two week low of $26.27 and a fifty-two week high of $41.65.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The business had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $969.45 million. During the same quarter last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, research analysts forecast that DENTSPLY SIRONA will post 2.04 EPS for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, March 27th. This is an increase from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s dividend payout ratio is -145.45%.

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.