DENTSPLY SIRONA Inc. (NASDAQ:XRAY) to Issue Quarterly Dividend of $0.16

DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) declared a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Friday, December 27th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, January 10th. This represents a $0.64 annualized dividend and a yield of 3.25%.

DENTSPLY SIRONA has increased its dividend by an average of 11.9% per year over the last three years and has raised its dividend every year for the last 13 years. DENTSPLY SIRONA has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect DENTSPLY SIRONA to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.0%.

DENTSPLY SIRONA Stock Performance

XRAY traded down $0.29 during trading on Friday, reaching $19.72. 2,802,496 shares of the company's stock were exchanged, compared to its average volume of 3,097,373. The company's fifty day moving average price is $21.39 and its 200-day moving average price is $24.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. DENTSPLY SIRONA has a fifty-two week low of $17.21 and a fifty-two week high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The business had revenue of $951.00 million during the quarter, compared to the consensus estimate of $939.10 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm's revenue was up .4% on a year-over-year basis. On average, research analysts forecast that DENTSPLY SIRONA will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore ISI lowered their target price on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, October 8th. UBS Group lowered their price objective on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday, December 3rd. StockNews.com lowered DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a report on Tuesday, November 19th. Needham & Company LLC lowered their price target on DENTSPLY SIRONA from $34.00 to $29.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird dropped their price target on DENTSPLY SIRONA from $31.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.40.

About DENTSPLY SIRONA

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.