DENTSPLY SIRONA (NASDAQ:XRAY – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $1.90-$2.00 for the period, compared to the consensus earnings per share estimate of $1.96. The company issued revenue guidance of $3.88B-, compared to the consensus revenue estimate of $3.87 billion.
DENTSPLY SIRONA Stock Performance
Shares of XRAY stock traded down $1.22 during trading hours on Friday, reaching $38.44. The company had a trading volume of 1,525,744 shares, compared to its average volume of 1,820,563. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.04 and a current ratio of 1.50. The business has a fifty day moving average price of $33.43 and a 200-day moving average price of $32.57. DENTSPLY SIRONA has a one year low of $26.48 and a one year high of $58.70. The firm has a market cap of $8.26 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 5.42 and a beta of 0.94.
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DENTSPLY SIRONA (NASDAQ:XRAY – Get Rating) last announced its earnings results on Monday, November 14th. The medical instruments supplier reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.18). The company had revenue of $947.00 million for the quarter, compared to analysts' expectations of $1.01 billion. DENTSPLY SIRONA had a negative net margin of 20.81% and a positive return on equity of 9.63%. DENTSPLY SIRONA's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts predict that DENTSPLY SIRONA will post 1.96 earnings per share for the current fiscal year.
DENTSPLY SIRONA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.50 dividend on an annualized basis and a yield of 1.30%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on XRAY. UBS Group lowered their target price on DENTSPLY SIRONA to $35.00 in a research report on Thursday, November 17th. William Blair upgraded shares of DENTSPLY SIRONA from an underperform rating to a market perform rating in a research report on Wednesday, January 11th. Robert W. Baird dropped their target price on shares of DENTSPLY SIRONA to $32.00 in a report on Thursday, November 17th. Morgan Stanley decreased their price target on DENTSPLY SIRONA from $42.00 to $39.00 and set an overweight rating on the stock in a report on Tuesday, November 15th. Finally, TheStreet lowered DENTSPLY SIRONA from a c rating to a d rating in a research note on Monday, November 14th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $40.70.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in DENTSPLY SIRONA by 83.1% during the first quarter. Wellington Management Group LLP now owns 5,502,424 shares of the medical instruments supplier's stock valued at $270,829,000 after purchasing an additional 2,497,773 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of DENTSPLY SIRONA by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 24,333,490 shares of the medical instruments supplier's stock valued at $1,197,694,000 after acquiring an additional 477,563 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in DENTSPLY SIRONA by 149.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 536,600 shares of the medical instruments supplier's stock worth $26,411,000 after acquiring an additional 321,674 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in DENTSPLY SIRONA during the first quarter valued at approximately $12,912,000. Finally, Alliancebernstein L.P. lifted its stake in shares of DENTSPLY SIRONA by 69.8% in the 3rd quarter. Alliancebernstein L.P. now owns 458,729 shares of the medical instruments supplier's stock valued at $13,005,000 after purchasing an additional 188,508 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.
About DENTSPLY SIRONA
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Dentsply Sirona, Inc engages in the design, manufacture, sales and distribution of professional dental products and technologies. It operates through the following segments: Technologies and Equipment and Consumables. The Technologies and Equipment segments comprises dental technology, equipment and healthcare consumable products such as dental implants, laboratory dental products, computer-aided design and computer-aided manufacturing systems, imaging systems, treatment centers and consumable medical device products.
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