DENTSPLY SIRONA Inc. (XRAY) to Issue Quarterly Dividend of $0.16 on January 10th

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Stockholders of record on Friday, December 27th will be given 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 is Friday, December 27th.

DENTSPLY SIRONA has raised its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend every year for the last 13 years. DENTSPLY SIRONA has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 NASDAQ XRAY opened at $18.90 on Wednesday. The firm’s fifty day moving average is $20.61 and its two-hundred day moving average is $23.79. DENTSPLY SIRONA has a 52-week low of $17.21 and a 52-week high of $37.60. The company 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 debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $951.00 million for the quarter, compared to the consensus estimate of $939.10 million. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, analysts anticipate that DENTSPLY SIRONA will post 1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Robert W. Baird reduced their target price on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Evercore ISI decreased their target price on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Leerink Partners cut DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, Mizuho initiated coverage on DENTSPLY SIRONA in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.91.

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.