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Wednesday, February 8, 2023

Analyst Expects DENTSPLY SIRONA Inc. (NASDAQ: XRAY) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for DENTSPLY SIRONA Inc. (XRAY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.61, or 1.81%, to $34.39. The DENTSPLY SIRONA Inc. has recorded 218,583 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Dentsply Sirona to Present at the 41st Annual J.P. Morgan Healthcare Conference.

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Stocks Info

As a NASDAQ listed company, XRAY falls under the Healthcare sector while operating within the Medical Instruments & Supplies industry segment. At the end of the last regular session, the stock closed at $33.78 and fluctuated between $34.03 as its day high and $32.93 as its day low. The current market capitalization of DENTSPLY SIRONA Inc. is $7.36B. A total of 3.7 million shares were traded on the day, compared to an average of 2.23M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, XRAY has seen 34 BUY and 8 SELL insider trades, representing the acquisition of 1,039,937 and the disposition of 113,251 shares. Over the last 12 months, there were 101 BUYs and 37 SELLs from insiders. Insiders purchased 1,128,620 shares during that period but sold 145,405.

In the most recent transaction, LUCIER GREGORY T bought 6,000 shares of XRAY for 31.45 per share on Nov 15. After the transaction, the Director now owns 15,000 company shares. In a previous transaction on May 03, BRANDT ERIC sold 6,900 shares at 39.71 per share. XRAY shares that Director owns now total 35,155.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. XRAY’s most recent ex-dividend date was 12/29/2022 when it declared a $0.1250 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/14/2022 with an ex-dividend date of 9/29/2022. The XRAY stock dividend was $0.1250 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for XRAY in the last 3 months, the mean price target is $34.91 with high estimates of $40.00 and low estimates of $29.00. In terms of 52-week highs and lows, XRAY has a high of $58.70 and a low of $26.48.

As of this writing, XRAY has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.49. The company reported an EPS of $0.76 in the last quarter, which was -3.80% lower than expectations of $0.79.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for XRAY is Hold with a score of 3.45. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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