DENTSPLY SIRONA Inc. (XRAY) Updates FY17 Earnings Guidance
DENTSPLY SIRONA Inc. (NASDAQ:XRAY) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.65-2.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68.
DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Friday, November 3rd. The medical instruments supplier reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.99 million. DENTSPLY SIRONA had a negative net margin of 20.57% and a positive return on equity of 7.24%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS.
XRAY has been the subject of a number of research reports. HC Wainwright assumed coverage on shares of DENTSPLY SIRONA in a research note on Tuesday, July 11th. They set a buy rating and a $74.00 target price for the company. Credit Suisse Group restated an outperform rating and issued a $75.00 price objective (up from $67.00) on shares of DENTSPLY SIRONA in a research note on Thursday, July 13th. Zacks Investment Research upgraded DENTSPLY SIRONA from a hold rating to a buy rating and set a $72.00 price objective for the company in a research note on Thursday, July 13th. BidaskClub lowered DENTSPLY SIRONA from a buy rating to a hold rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a buy rating and issued a $66.00 price objective (down from $70.00) on shares of DENTSPLY SIRONA in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $65.60.
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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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