The price of DENTSPLY Sirona Inc (NASDAQ:XRAY) shares last traded on Wall Street fell -3.36% to $32.18.
Based on available information, 12 analysts follow DENTSPLY Sirona Inc (NASDAQ:XRAY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $51.00 and a low of $38.00, we find $42.50. Given the previous closing price of $33.30, this indicates a potential upside of 27.63 percent. XRAY stock price is now -13.17% away from the 50-day moving average and -14.77% away from the 200-day moving average. The market capitalization of the company currently stands at $6.81B.
Among analysts, 8 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $43.20 as their price target over the next twelve months.
In other news, BRANDT ERIC, Director sold 6,200 shares of the company’s stock on May 02. The stock was sold for $261,454 at an average price of $42.17. Upon completion of the transaction, the Director now directly owns 44,902 shares in the company, valued at $1.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, SVP, Chief Technology Officer Staehler Cord Friedrich sold 4,000 shares of the business’s stock. A total of $157,320 was realized by selling the stock at an average price of $39.33. This leaves the insider owning 97,693 shares of the company worth $3.14 million. Insiders disposed of 127,039 shares of company stock worth roughly $4.09 million over the past 1 year. A total of 0.97% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XRAY stock. A new stake in DENTSPLY Sirona Inc shares was purchased by TWINBEECH CAPITAL LP during the first quarter worth $11,342,000. CINCTIVE CAPITAL MANAGEMENT LP invested $8,782,000 in shares of XRAY during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in DENTSPLY Sirona Inc valued at approximately $4,580,000. HIGHLAND CAPITAL MANAGEMENT, LLC acquired a new stake in XRAY for approximately $3,730,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in XRAY valued at around $3,244,000 in the second quarter. In total, there are 724 active investors with 98.69% ownership of the company’s stock.
A candlestick chart of DENTSPLY Sirona Inc (NASDAQ: XRAY) showed a price of $33.35 on Thursday morning. During the past 12 months, DENTSPLY Sirona Inc has had a low of $26.48 and a high of $43.24. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.51, and a quick ratio of 0.99. The fifty day moving average price for XRAY is $36.90 and a two-hundred day moving average price translates $37.76 for the stock.
The latest earnings results from DENTSPLY Sirona Inc (NASDAQ: XRAY) was released for Jun, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.43 by 0.08. This compares to $0.34 EPS in the same period last year. The net profit margin was -26.04% and return on equity was -24.00% for XRAY. The company reported revenue of $1.03 billion for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.49 percent. For the current quarter, analysts expect XRAY to generate $974.4M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/13/2023. Investors who held shares on 09/29/2023 were paid a $0.14 dividend. On an annualized basis, this represents a $0.55 dividend and a 1.70% percent yield. There was an ex-dividend date of 09/28/2023 for this dividend.
DENTSPLY Sirona Inc(XRAY) Company Profile
DENTSPLY SIRONA Inc. manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products. The Consumables segment offers endodontic products comprising drills, filers, sealers, irrigation needles, and other tools or single-use solutions, which support root canal procedures; restorative products that include artificial teeth, dental ceramics, digital dentures, precious metal dental alloys, and crown and bridge porcelain products. It also provides small equipment products, which comprise intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers, as well as dental anesthetics, prophylaxis paste, dental sealants, impression materials, teeth whiteners, and topical fluoride. DENTSPLY SIRONA Inc. was founded in 1877 and is headquartered in Charlotte, North Carolina.
