DENTSPLY SIRONA (NASDAQ:XRAY) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
DENTSPLY SIRONA (NASDAQ:XRAY) posted its quarterly earnings results on Thursday. The medical instruments supplier reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07, RTT News reports. The firm had revenue of $962.10 million for the quarter, compared to the consensus estimate of $940.38 million. DENTSPLY SIRONA had a net margin of 2.67% and a return on equity of 9.19%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. DENTSPLY SIRONA updated its FY19 guidance to $2.42-2.48 EPS.
Shares of NASDAQ XRAY opened at $57.42 on Friday. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.97 and a beta of 0.96. The firm’s fifty day moving average is $53.88 and its 200 day moving average is $54.19. DENTSPLY SIRONA has a 52 week low of $34.93 and a 52 week high of $60.15. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.30.
Several research firms have commented on XRAY. BidaskClub raised shares of DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a research note on Saturday. Wellington Shields raised shares of DENTSPLY SIRONA from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, August 2nd. Barrington Research reissued a “buy” rating and set a $63.00 price target on shares of DENTSPLY SIRONA in a research note on Monday, August 5th. Stifel Nicolaus lifted their price target on shares of DENTSPLY SIRONA from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Evercore ISI began coverage on shares of DENTSPLY SIRONA in a research note on Friday, July 26th. They set an “in-line” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.37.
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
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