DENTSPLY SIRONA (NASDAQ:XRAY) Hits New 12-Month Low – Here’s Why
by Sarita Garza · The Markets DailyDENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $8.38 and last traded at $8.3360, with a volume of 1,107,926 shares changing hands. The stock had previously closed at $8.51.
Analysts Set New Price Targets
Several research firms recently weighed in on XRAY. Barrington Research set a $15.00 price objective on shares of DENTSPLY SIRONA in a research report on Monday, August 10th. Barclays lifted their target price on shares of DENTSPLY SIRONA from $9.00 to $11.00 and gave the company an “underweight” rating in a research report on Monday, August 24th. Piper Sandler cut their price target on shares of DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of DENTSPLY SIRONA in a research note on Monday, August 3rd. Finally, BMO Capital Markets decreased their price target on shares of DENTSPLY SIRONA from $13.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, DENTSPLY SIRONA presently has a consensus rating of “Hold” and an average target price of $12.92.
View Our Latest Stock Analysis on DENTSPLY SIRONA
DENTSPLY SIRONA Stock Performance
The company has a debt-to-equity ratio of 1.48, a current ratio of 1.63 and a quick ratio of 1.07. The company has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $11.09. The stock has a market cap of $1.68 billion, a P/E ratio of -3.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The medical instruments supplier reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. The company had revenue of $898.00 million for the quarter, compared to analysts’ expectations of $889.93 million. DENTSPLY SIRONA had a positive return on equity of 20.84% and a negative net margin of 14.99%. DENTSPLY SIRONA’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. DENTSPLY SIRONA has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities analysts expect that DENTSPLY SIRONA Inc. will post 1.39 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in DENTSPLY SIRONA in the 2nd quarter worth approximately $283,405,000. Southpoint Capital Advisors LP purchased a new stake in DENTSPLY SIRONA in the first quarter worth $116,000,000. Armistice Capital LLC lifted its stake in DENTSPLY SIRONA by 27.2% in the fourth quarter. Armistice Capital LLC now owns 7,298,000 shares of the medical instruments supplier’s stock worth $83,416,000 after acquiring an additional 1,562,000 shares during the period. Invenomic Capital Management LP boosted its holdings in DENTSPLY SIRONA by 17.9% in the fourth quarter. Invenomic Capital Management LP now owns 5,132,036 shares of the medical instruments supplier’s stock valued at $58,659,000 after acquiring an additional 780,837 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in DENTSPLY SIRONA in the second quarter valued at $47,780,000. 95.70% of the stock is owned by hedge funds and other institutional investors.
About DENTSPLY SIRONA
Dentsply Sirona is a global dental products and technologies company that develops, manufactures and markets solutions for dental professionals, laboratories and patients. Its portfolio includes consumable products, dental equipment and digital technologies used in preventive, restorative, endodontic, orthodontic, implant and prosthetic dentistry.
The company offers dental treatment centers, imaging systems, CAD/CAM systems, intraoral scanners, milling and 3D-printing solutions, instruments, endodontic files and equipment, restorative materials, dental implants, prosthetic components and orthodontic products.