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

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) announced a quarterly dividend on Wednesday, December 11th,RTT News reports. Shareholders 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 dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, December 27th.

DENTSPLY SIRONA has increased its dividend payment 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 payout ratio of 33.3% meaning 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

Shares of DENTSPLY SIRONA stock opened at $18.90 on Wednesday. DENTSPLY SIRONA has a 12 month low of $17.21 and a 12 month high of $37.60. The stock’s fifty day moving average price is $20.61 and its 200-day moving average price is $23.79. The firm has a market cap of $3.76 billion, a P/E ratio of -9.13, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results 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 negative net margin of 10.59% and a positive return on equity of 12.62%. The business had revenue of $951.00 million for the quarter, compared to the consensus estimate of $939.10 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts expect that DENTSPLY SIRONA will post 1.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on XRAY shares. Barrington Research lowered their target price on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Robert W. Baird dropped their price objective 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. StockNews.com lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Evercore ISI decreased their price target on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. Finally, Morgan Stanley cut their price objective on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.91.

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.