DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Given Average Recommendation of "Hold" by Brokerages

DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) has received a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.40.

XRAY has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday, December 3rd. Leerink Partnrs lowered DENTSPLY SIRONA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Robert W. Baird dropped their target price on DENTSPLY SIRONA from $31.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Needham & Company LLC decreased their price target on DENTSPLY SIRONA from $34.00 to $29.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com lowered DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th.

Institutional Trading of DENTSPLY SIRONA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its stake in shares of DENTSPLY SIRONA by 4.9% during the second quarter. Raymond James Trust N.A. now owns 9,658 shares of the medical instruments supplier's stock worth $241,000 after buying an additional 453 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in DENTSPLY SIRONA by 2.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier's stock worth $637,000 after acquiring an additional 560 shares during the period. LRI Investments LLC raised its position in shares of DENTSPLY SIRONA by 82.7% during the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier's stock valued at $31,000 after acquiring an additional 564 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of DENTSPLY SIRONA by 2.1% in the 3rd quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier's stock valued at $803,000 after purchasing an additional 620 shares during the period. Finally, Allworth Financial LP boosted its position in shares of DENTSPLY SIRONA by 40.2% in the 3rd quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier's stock worth $59,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company's stock.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock traded down $0.13 during trading hours on Monday, hitting $19.59. The stock had a trading volume of 3,574,777 shares, compared to its average volume of 3,099,346. DENTSPLY SIRONA has a fifty-two week low of $17.21 and a fifty-two week high of $37.60. The company has a market cap of $3.89 billion, a PE ratio of -9.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The company has a 50-day moving average of $21.18 and a two-hundred day moving average of $24.11. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.

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

DENTSPLY SIRONA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, December 27th. This represents a $0.64 annualized dividend and a yield of 3.27%. DENTSPLY SIRONA's dividend payout ratio (DPR) is -30.92%.

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.