DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $54.55 and last traded at $54.54, with a volume of 1,056,332 shares traded. The stock had previously closed at $55.50.

XRAY has been the subject of several analyst reports. Credit Suisse Group restated an “outperform” rating and set a $75.00 target price (up previously from $67.00) on shares of DENTSPLY SIRONA in a research report on Thursday, July 13th. BidaskClub downgraded DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded DENTSPLY SIRONA from a “sell” rating to a “hold” rating and set a $71.00 target price for the company in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) downgraded DENTSPLY SIRONA from a “neutral” rating to a “sell” rating and cut their target price for the stock from $60.00 to $55.00 in a research report on Tuesday, May 23rd. Finally, HC Wainwright initiated coverage on DENTSPLY SIRONA in a research report on Tuesday, July 11th. They set a “buy” rating and a $74.00 target price for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. DENTSPLY SIRONA currently has a consensus rating of “Buy” and a consensus target price of $66.75.

The firm’s market capitalization is $12.64 billion. The firm’s 50 day moving average price is $63.15 and its 200-day moving average price is $62.30.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Wednesday, August 9th. The medical instruments supplier reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. DENTSPLY SIRONA had a negative net margin of 20.57% and a positive return on equity of 7.24%. The firm had revenue of $992.70 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that DENTSPLY SIRONA Inc. will post $2.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 28th. DENTSPLY SIRONA’s payout ratio is currently -10.09%.

Several hedge funds and other institutional investors have recently modified their holdings of XRAY. Commonwealth Bank of Australia increased its position in shares of DENTSPLY SIRONA by 19.0% in the second quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock worth $104,000 after buying an additional 260 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of DENTSPLY SIRONA during the second quarter worth about $113,000. Dupont Capital Management Corp purchased a new position in shares of DENTSPLY SIRONA during the second quarter worth about $116,000. Korea Investment CORP increased its position in shares of DENTSPLY SIRONA by 139.9% in the second quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock worth $139,000 after buying an additional 1,251 shares during the last quarter. Finally, Sphera Funds Management LTD. purchased a new position in shares of DENTSPLY SIRONA during the second quarter worth about $162,000. 95.17% of the stock is currently owned by hedge funds and other institutional investors.

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DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.

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