Sirona Dental Systems, Inc. (SIRO) Updates FY14 Earnings Guidance
Sirona Dental Systems, Inc. (NASDAQ:SIRO) issued an update on its FY14 earnings guidance on Friday morning. The company provided earnings per share guidance of $3.60-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.66, AmericanBankingNews.com reports.
A number of analysts have recently weighed in on SIRO shares. Analysts at Stifel Nicolaus raised their price target on shares of Sirona Dental Systems from $82.00 to $94.00 in a research note on Thursday, July 10th. They now have a buy rating on the stock. On a related note, analysts at Cantor Fitzgerald raised their price target on shares of Sirona Dental Systems from $84.00 to $93.00 in a research note on Monday, July 7th. They now have a buy rating on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Sirona Dental Systems in a research note on Monday, June 23rd. They now have a $93.00 price target on the stock, up previously from $85.00. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $84.17.
Shares of Sirona Dental Systems, Inc. (NASDAQ:SIRO) opened at 79.13 on Friday. Sirona Dental Systems, Inc. has a one year low of $64.40 and a one year high of $84.95. The stock’s 50-day moving average is $81.58 and its 200-day moving average is $75.65. The company has a market cap of $4.562 billion and a price-to-earnings ratio of 28.02.
Sirona Dental Systems (NASDAQ:SIRO) last announced its earnings results on Friday, August 8th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $299.70 million for the quarter, compared to the consensus estimate of $295.65 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Sirona Dental Systems, Inc. will post $3.66 earnings per share for the current fiscal year.
Sirona Dental Systems, Inc (NASDAQ:SIRO) and its subsidiaries is a manufacturer of dental equipment, and is focused on developing, manufacturing and marketing solutions for dentists around the world.
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