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

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, October 11th. This represents a $0.64 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, September 27th.

DENTSPLY SIRONA has increased its dividend payment 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DENTSPLY SIRONA to earn $2.32 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 27.6%.

DENTSPLY SIRONA Stock Performance

Shares of XRAY opened at $27.14 on Thursday. The stock has a 50-day simple moving average of $26.24 and a 200-day simple moving average of $30.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.43. The stock has a market capitalization of $5.64 billion, a PE ratio of -61.68, a PEG ratio of 1.20 and a beta of 1.01. DENTSPLY SIRONA has a 1 year low of $23.94 and a 1 year high of $41.56.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The business had revenue of $984.00 million for the quarter, compared to analyst estimates of $993.61 million. During the same period last year, the business posted $0.51 EPS. DENTSPLY SIRONA’s revenue was down 4.3% on a year-over-year basis. On average, analysts predict that DENTSPLY SIRONA will post 2.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on XRAY. Stifel Nicolaus cut their price target on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Robert W. Baird dropped their target price on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Needham & Company LLC dropped their target price on DENTSPLY SIRONA from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday. Barrington Research reissued an “outperform” rating and issued a $38.00 target price on shares of DENTSPLY SIRONA in a report on Monday, July 8th. Finally, Piper Sandler reissued 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

Insider Activity at DENTSPLY SIRONA

In other DENTSPLY SIRONA news, Director Gregory T. Lucier bought 3,577 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $27.95 per share, for a total transaction of $99,977.15. Following the completion of the purchase, the director now owns 58,374 shares of the company’s stock, valued at approximately $1,631,553.30. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

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.