DENTSPLY SIRONA Inc (NASDAQ:XRAY) – Analysts at William Blair cut their Q1 2018 earnings per share estimates for shares of DENTSPLY SIRONA in a research note issued on Monday. William Blair analyst J. Kreger now anticipates that the medical instruments supplier will post earnings of $0.46 per share for the quarter, down from their prior estimate of $0.66.
DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Thursday, March 1st. The medical instruments supplier reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. DENTSPLY SIRONA had a positive return on equity of 8.35% and a negative net margin of 39.39%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share.
Several other research firms have also issued reports on XRAY. HC Wainwright lowered DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Thursday, November 30th. Zacks Investment Research lowered DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Stephens assumed coverage on DENTSPLY SIRONA in a research note on Tuesday, November 28th. They set an “overweight” rating and a $75.00 price objective for the company. Credit Suisse Group downgraded DENTSPLY SIRONA to a “hold” rating and set a $73.00 price target on the stock. in a research report on Friday, January 5th. Finally, BidaskClub downgraded DENTSPLY SIRONA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. DENTSPLY SIRONA currently has an average rating of “Hold” and an average price target of $67.85.
Shares of DENTSPLY SIRONA (NASDAQ XRAY) opened at $56.37 on Wednesday. The stock has a market capitalization of $13,082.74, a price-to-earnings ratio of -8.19, a P/E/G ratio of 2.17 and a beta of 1.21. DENTSPLY SIRONA has a 52 week low of $52.53 and a 52 week high of $68.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NuWave Investment Management LLC purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter worth about $121,000. Massey Quick Simon & CO. LLC purchased a new position in shares of DENTSPLY SIRONA in the third quarter worth about $124,000. First Interstate Bank purchased a new position in shares of DENTSPLY SIRONA in the third quarter worth about $164,000. Focused Wealth Management Inc increased its holdings in shares of DENTSPLY SIRONA by 79.2% in the fourth quarter. Focused Wealth Management Inc now owns 2,600 shares of the medical instruments supplier’s stock worth $171,000 after buying an additional 1,149 shares during the period. Finally, Stock Yards Bank & Trust Co. purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.
In other DENTSPLY SIRONA news, Director Eric Brandt sold 6,409 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $68.04, for a total transaction of $436,068.36. Following the sale, the director now owns 12,073 shares in the company, valued at $821,446.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.99% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.35 dividend on an annualized basis and a yield of 0.62%. DENTSPLY SIRONA’s payout ratio is -5.09%.
About DENTSPLY SIRONA
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.