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

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.16 per share by the medical instruments supplier on Friday, April 11th. This represents a $0.64 dividend on an annualized basis and a yield of 3.40%.

DENTSPLY SIRONA has increased its dividend by an average of 14.2% annually over the last three years and has raised its dividend every year for the last 13 years. DENTSPLY SIRONA has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect DENTSPLY SIRONA to earn $1.90 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 33.7%.

DENTSPLY SIRONA Stock Down 0.1 %

NASDAQ:XRAY opened at $18.81 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The firm’s 50-day moving average price is $18.90 and its 200-day moving average price is $21.58. The company has a market capitalization of $3.74 billion, a PE ratio of -9.09, a P/E/G ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA has a 1-year low of $17.21 and a 1-year high of $34.91.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Thursday, February 27th. The medical instruments supplier reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.21). DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. On average, equities analysts predict that DENTSPLY SIRONA will post 1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XRAY has been the subject of a number of recent research reports. Barrington Research lowered their price objective on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Mizuho initiated coverage on DENTSPLY SIRONA in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price target for the company. Robert W. Baird cut their price objective on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Evercore ISI restated an “in-line” rating and set a $20.00 price objective on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Finally, Leerink Partnrs downgraded shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, DENTSPLY SIRONA has an average rating of “Hold” and an average price target of $24.50.

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.