DENTSPLY SIRONA Inc (NASDAQ:XRAY) declared a quarterly dividend on Tuesday, June 26th, RTT News reports. Shareholders of record on Friday, September 28th will be given a dividend of 0.0875 per share by the medical instruments supplier on Friday, October 12th. This represents a $0.35 dividend on an annualized basis and a yield of 0.79%.
DENTSPLY SIRONA traded down $0.46, reaching $44.28, on Tuesday, according to Marketbeat.com. The stock had a trading volume of 2,010,400 shares, compared to its average volume of 2,527,681. DENTSPLY SIRONA has a 12-month low of $41.64 and a 12-month high of $68.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.33 and a beta of 1.23.
DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Sunday, May 6th. The medical instruments supplier reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. DENTSPLY SIRONA had a negative net margin of 38.32% and a positive return on equity of 8.63%. The business had revenue of $956.10 million for the quarter, compared to analyst estimates of $942.20 million. During the same quarter last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts forecast that DENTSPLY SIRONA will post 2.57 earnings per share for the current year.
In other DENTSPLY SIRONA news, Director Michael C. Alfano sold 1,404 shares of the business’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $45.83, for a total value of $64,345.32. Following the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $616,780.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald M. Jr. Casey bought 22,500 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was purchased at an average price of $44.52 per share, for a total transaction of $1,001,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 92,408 shares in the company, valued at $4,114,004.16. The disclosure for this purchase can be found here. Insiders sold a total of 7,856 shares of company stock worth $349,153 over the last quarter. 1.93% of the stock is currently owned by company insiders.
Several brokerages have recently issued reports on XRAY. BidaskClub lowered shares of DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 28th. HC Wainwright set a $63.00 target price on shares of DENTSPLY SIRONA and gave the company a “hold” rating in a research report on Monday, March 5th. Barclays began coverage on shares of DENTSPLY SIRONA in a research report on Thursday, March 8th. They issued an “equal weight” rating and a $62.00 target price on the stock. Credit Suisse Group dropped their target price on shares of DENTSPLY SIRONA from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, March 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of DENTSPLY SIRONA from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.23.
About DENTSPLY SIRONA
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
Receive News & Ratings for DENTSPLY SIRONA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DENTSPLY SIRONA and related companies with MarketBeat.com's FREE daily email newsletter.