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

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) announced a quarterly dividend on Wednesday, May 22nd, RTT News reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, July 12th. This represents a $0.64 annualized dividend and a yield of 2.28%.

DENTSPLY SIRONA has raised its dividend by an average of 11.9% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Analysts expect DENTSPLY SIRONA to earn $2.35 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 27.2%.

DENTSPLY SIRONA Stock Performance

Shares of XRAY opened at $28.05 on Thursday. The stock has a market capitalization of $5.82 billion, a P/E ratio of -63.75, a P/E/G ratio of 1.26 and a beta of 1.00. DENTSPLY SIRONA has a 12-month low of $26.27 and a 12-month high of $41.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.97. The firm’s 50 day moving average is $30.74 and its 200-day moving average is $32.45.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $953.00 million for the quarter, compared to analysts’ expectations of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Equities research analysts anticipate that DENTSPLY SIRONA will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on XRAY. Leerink Partnrs reaffirmed an “outperform” rating on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. StockNews.com cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Piper Sandler restated a “neutral” rating and issued a $32.00 target price (down previously from $35.00) on shares of DENTSPLY SIRONA in a report on Friday, May 3rd. Needham & Company LLC lowered their price target on DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Robert W. Baird reduced their price objective on DENTSPLY SIRONA from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

DENTSPLY SIRONA Company Profile

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.