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Monday, January 25, 2021

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) on the Path to Profitability

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DENTSPLY SIRONA Inc. (XRAY) shares are trading at higher $53.36 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $51.21.

To add more color to this target, the company’s high over the last year is $60.87 and the low is $31.58. Over the last 52 weeks, XRAY is down -6.60% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, XRAY reported a profit of $442.3 million. DENTSPLY SIRONA Inc. also saw revenues increase to $894.8 million. In addition, XRAY has free cash flow of $311.5 million as of 09-2020. The company’s EBITDA came in at $171.4 million which compares well with its peers.

XRAY booked profit margins of -2.30%, its Return on Equity (ROE) is -1.70%, and its Return on Assets is -0.90%. All told, it is clear that, XRAY needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. XRAY has a short ratio of 3.44 and outstanding shares of 218.50M.

Company Outlook

XRAY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.04 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.36. DENTSPLY SIRONA Inc. XRAY also noted assets of $8.9 billion at the end of the last quarter. Investors should also keep an eye on sector updates as XRAY has historically followed its peers on positive news.

All told, DENTSPLY SIRONA Inc. XRAY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, XRAY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

DENTSPLY SIRONA Inc. XRAY is now commanding a market cap of 11.59B and a float of 217.79M. XRAY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of XRAY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in XRAY, either long or short, and we have not been compensated for this article.

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