DENTSPLY SIRONA Inc. (NASDAQ:XRAY) posted its earnings results on Wednesday. The medical instruments supplier reported $0.65 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65, Bloomberg Earnings reports. The company had revenue of $992.70 million during the quarter, compared to analyst estimates of $1 billion. DENTSPLY SIRONA had a return on equity of 7.37% and a net margin of 9.42%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. DENTSPLY SIRONA updated its FY17 guidance to $2.65-2.75 EPS.
DENTSPLY SIRONA (NASDAQ XRAY) opened at 56.23 on Thursday. DENTSPLY SIRONA has a 12 month low of $55.00 and a 12 month high of $65.68. The firm has a market capitalization of $12.89 billion, a P/E ratio of 36.18 and a beta of 1.26. The stock’s 50 day moving average price is $63.39 and its 200 day moving average price is $62.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.0875 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.35 annualized dividend and a dividend yield of 0.62%. DENTSPLY SIRONA’s dividend payout ratio is presently 22.58%.
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Several hedge funds have recently bought and sold shares of XRAY. Farmers & Merchants Investments Inc. raised its stake in DENTSPLY SIRONA by 3.6% in the first quarter. Farmers & Merchants Investments Inc. now owns 94,521 shares of the medical instruments supplier’s stock valued at $5,902,000 after buying an additional 3,300 shares during the last quarter. Howland Capital Management LLC purchased a new stake in DENTSPLY SIRONA during the first quarter valued at $203,000. Mountain Pacific Investment Advisers Inc. ID raised its stake in DENTSPLY SIRONA by 2.0% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 386,371 shares of the medical instruments supplier’s stock valued at $24,125,000 after buying an additional 7,710 shares during the last quarter. Atria Investments LLC raised its stake in DENTSPLY SIRONA by 6.3% in the first quarter. Atria Investments LLC now owns 4,473 shares of the medical instruments supplier’s stock valued at $279,000 after buying an additional 265 shares during the last quarter. Finally, TNB Financial purchased a new stake in DENTSPLY SIRONA during the first quarter valued at $259,000. 95.17% of the stock is owned by institutional investors.
Several research firms have recently commented on XRAY. BidaskClub lowered DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $75.00 target price (up from $67.00) on shares of DENTSPLY SIRONA in a report on Thursday, July 13th. HC Wainwright began coverage on DENTSPLY SIRONA in a report on Tuesday, July 11th. They set a “buy” rating and a $74.00 target price for the company. Finally, Cleveland Research raised DENTSPLY SIRONA from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. DENTSPLY SIRONA presently has an average rating of “Buy” and an average price target of $67.92.
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.
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