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DENTSPLY SIRONA Inc (XRAY)
NASDAQ:XRAY
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DENTSPLY SIRONA (XRAY) AI Stock Analysis

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XRAY

DENTSPLY SIRONA

(NASDAQ:XRAY)

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Underperform 39 (OpenAI - 4o)
Rating:39Underperform
Price Target:
$10.50
▼(-4.72% Downside)
DENTSPLY SIRONA's overall stock score is primarily impacted by its poor financial performance, with declining revenue and profitability, and negative technical indicators suggesting a bearish outlook. The valuation is slightly supported by a high dividend yield, but the negative P/E ratio reflects ongoing financial difficulties. The company's strategic challenges and need for operational improvements are significant risks.
Positive Factors
European Sales Growth
Growth in European sales, driven by Connected Technology Solutions and Labs, indicates strong market presence and potential for expansion in this region.
Wellspect Healthcare Growth
Wellspect Healthcare's growth across all regions suggests a robust segment that can contribute significantly to the company's financial goals.
Return-to-Growth Strategy
The strategic focus on customer-centricity and operational evolution aims to enhance long-term value and drive innovation, supporting future profitability.
Negative Factors
Decline in Global Sales
The decline in global sales, especially in the U.S., highlights challenges in key markets, impacting overall revenue and necessitating strategic adjustments.
Impairment Charge
Significant impairment charges due to goodwill and intangible assets reflect financial strain and potential misalignment in asset valuation.
Negative Profitability
Sustained negative profitability indicates operational inefficiencies and financial challenges, requiring strategic improvements for long-term viability.

DENTSPLY SIRONA (XRAY) vs. SPDR S&P 500 ETF (SPY)

DENTSPLY SIRONA Business Overview & Revenue Model

Company DescriptionDENTSPLY SIRONA (XRAY) is a leading global manufacturer of dental products and technologies, specializing in digital imaging solutions, including X-ray systems. The company operates primarily in the dental sector, providing a wide range of products that enhance dental care and treatment. DENTSPLY SIRONA's core offerings include dental imaging equipment, CAD/CAM systems, dental consumables, and equipment for restorative, preventive, and orthodontic procedures, serving dental professionals and laboratories worldwide.
How the Company Makes MoneyDENTSPLY SIRONA generates revenue through multiple streams, primarily from the sale of dental equipment and consumables. Their core revenue comes from the manufacturing and distribution of dental imaging systems, including X-ray machines and digital imaging software, which are sold to dental practices and clinics. Additional revenue is derived from dental materials and supplies, such as restorative materials and orthodontic products. The company also benefits from recurring revenue through the sale of maintenance services and software upgrades for their imaging systems. Strategic partnerships with dental professionals, educational institutions, and other healthcare providers enhance their distribution network and market presence, contributing to their overall earnings. The company's commitment to innovation and product development further positions it to capitalize on emerging trends in dental technology, thereby expanding its revenue potential.

DENTSPLY SIRONA Key Performance Indicators (KPIs)

Any
Any
Adjusted Operating Income by Segment
Adjusted Operating Income by Segment
Reveals profitability across different business segments, highlighting which areas drive earnings and where operational efficiencies or challenges exist.
Chart InsightsDENTSPLY SIRONA's 'Connected Technology' segment shows volatility, with a sharp decline in early 2024 but a rebound by year-end. 'Essential Dental' and 'Wellspect Healthcare' demonstrate consistent growth, while 'Orthodontic & Implant' faces instability, highlighted by a significant dip in late 2024. The earnings call underscores challenges, with U.S. sales and tariffs impacting profitability. However, the DS Core platform's growth and Germany's sales performance offer optimism. Despite global sales decline, cost reduction efforts have improved EBITDA margins, suggesting strategic resilience amid market pressures.
Data provided by:Main Street Data

DENTSPLY SIRONA Earnings Call Summary

Earnings Call Date:Nov 06, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 26, 2026
Earnings Call Sentiment Negative
The earnings call highlighted significant challenges, including a decline in global and U.S. sales, an impairment charge, and a drop in EPS. While there were positive aspects such as growth in European sales and Wellspect Healthcare, these were overshadowed by the broader financial difficulties and strategic challenges. The sentiment is more negative due to the pressing issues and the focus on a turnaround strategy.
Q3-2025 Updates
Positive Updates
European Sales Growth
European sales were $382 million, increasing 9.9% as reported or 2.6% on a constant currency basis, driven by growth in Connected Technology Solutions and Labs. The U.K., France, Italy, and Spain had strong constant currency growth.
Wellspect Healthcare Sales Increase
Sales in constant currency for Wellspect Healthcare increased 9.3% with growth across all three regions. This segment is expected to play a key role in achieving financial goals.
Return to Shareholders
DENTSPLY SIRONA returned $32 million to shareholders through dividends in the third quarter, with $96 million returned year-to-date.
Negative Updates
Decline in Global Sales
Q3 '25 global sales were $904 million, decreasing 5% as reported or negative 8% on a constant currency basis. U.S. sales were down 22.2% versus prior year, driven by lower sales in Essential Dental Solutions, CAD/CAM, Imaging, and Implants.
Impairment Charge
A $263 million non-cash after-tax charge was recorded due to the impairment of goodwill and intangible assets, driven by tariffs and lower projected volumes, particularly in the U.S.
Adjusted EPS Decline
Non-GAAP earnings per share was $0.37, down $0.13 versus prior year, influenced by sales mix, tariffs, and higher non-GAAP tax rates.
Challenges in China
There was a slowdown in the Chinese market due to the anticipation of the second phase of the VBP program, impacting implant volumes.
Company Guidance
During the Q3 2025 earnings call, DENTSPLY SIRONA provided guidance for the remainder of the fiscal year, revising their 2025 outlook based on recent results and external impacts. The company expects net sales to be in the range of $3.6 billion to $3.7 billion, with constant currency sales projected to decline between 4% and 5% year-over-year. Adjusted EPS is anticipated to be approximately $1.60. In Q3 2025, global sales decreased by 5% to $904 million, with adjusted EBITDA improving to 18.4%. The earnings per share fell by $0.13 to $0.37, impacted by a higher non-GAAP tax rate of 32%. The company also recorded a significant noncash after-tax charge of $263 million due to goodwill and intangible asset impairments. As part of their strategic focus, DENTSPLY SIRONA is implementing a Return-to-Growth action plan to deliver sustained profitable growth over the next 24 months, focusing on customer-centricity, reigniting U.S. business, empowering employees, and operational evolution.

DENTSPLY SIRONA Financial Statement Overview

Summary
DENTSPLY SIRONA is facing significant financial challenges, including declining revenue and profitability, increased leverage, and weakened cash flow. The negative net profit margin and increased debt levels highlight operational inefficiencies and financial instability.
Income Statement
35
Negative
DENTSPLY SIRONA has faced declining revenue and profitability, with a negative net profit margin of -25.85% in TTM. The gross profit margin remains moderate at 51.68%, but the company struggles with negative EBIT and EBITDA margins, indicating operational challenges. Revenue growth has been negative, highlighting a need for strategic improvements.
Balance Sheet
45
Neutral
The company's debt-to-equity ratio has increased to 1.27 in TTM, indicating higher leverage. Return on equity is negative, reflecting losses. However, the equity ratio remains reasonable, suggesting some stability in asset management. The balance sheet shows potential risk due to increased debt levels.
Cash Flow
40
Negative
Operating cash flow is positive but has decreased, with a coverage ratio of 0.24 in TTM. Free cash flow has declined significantly, with a growth rate of -50.36%. The free cash flow to net income ratio is positive, but overall cash flow performance indicates financial strain.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.67B3.79B3.96B3.92B4.25B3.34B
Gross Profit1.90B1.96B2.09B2.13B2.36B1.66B
EBITDA-692.00M-518.00M232.00M-677.00M972.00M336.00M
Net Income-949.00M-910.00M-132.00M-950.00M411.00M-83.00M
Balance Sheet
Total Assets6.07B5.75B7.37B7.64B9.22B9.34B
Cash, Cash Equivalents and Short-Term Investments359.00M272.00M334.00M365.00M339.00M438.00M
Total Debt2.49B2.27B2.30B2.09B2.24B2.41B
Total Liabilities4.11B3.81B4.08B3.83B4.18B4.37B
Stockholders Equity1.96B1.94B3.29B3.81B5.04B4.97B
Cash Flow
Free Cash Flow138.00M281.00M228.00M368.00M515.00M548.00M
Operating Cash Flow283.00M461.00M377.00M517.00M657.00M635.00M
Investing Cash Flow-155.00M-197.00M-89.00M-138.00M-358.00M-1.11B
Financing Cash Flow-62.00M-302.00M-307.00M-329.00M-379.00M490.00M

DENTSPLY SIRONA Technical Analysis

Technical Analysis Sentiment
Negative
Last Price11.02
Price Trends
50DMA
12.97
Negative
100DMA
13.96
Negative
200DMA
14.79
Negative
Market Momentum
MACD
-0.21
Positive
RSI
25.41
Positive
STOCH
22.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XRAY, the sentiment is Negative. The current price of 11.02 is below the 20-day moving average (MA) of 12.63, below the 50-day MA of 12.97, and below the 200-day MA of 14.79, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 25.41 is Positive, neither overbought nor oversold. The STOCH value of 22.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XRAY.

DENTSPLY SIRONA Risk Analysis

DENTSPLY SIRONA disclosed 33 risk factors in its most recent earnings report. DENTSPLY SIRONA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

DENTSPLY SIRONA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$13.69B33.975.01%6.35%12.94%
71
Outperform
$35.97B25.2225.41%0.87%9.36%29.56%
70
Outperform
$51.32B32.206.26%2.35%7.86%14.24%
69
Neutral
$16.52B29.8611.12%1.74%-25.29%
53
Neutral
$9.22B-4.70%3.79%-21.20%-325.40%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
39
Underperform
$2.49B-37.78%5.81%-5.78%-445.83%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
XRAY
DENTSPLY SIRONA
11.02
-6.11
-35.67%
BAX
Baxter International
17.98
-15.89
-46.91%
BDX
Becton Dickinson
177.39
-49.50
-21.82%
COO
Cooper Co
69.00
-34.75
-33.49%
HOLX
Hologic
74.15
-4.61
-5.85%
RMD
Resmed
249.65
-1.10
-0.44%

DENTSPLY SIRONA Corporate Events

Dentsply Sirona Unveils Strategic Plan Amid Q3 Losses
Nov 7, 2025

Dentsply Sirona, the world’s largest manufacturer of professional dental products and technologies, is renowned for its innovative solutions that advance patient care and enhance dental services globally. The company, headquartered in Charlotte, North Carolina, operates in the dental and medical device sectors, offering a comprehensive range of dental and oral health products.

DENTSPLY SIRONA Faces Challenges Amid Earnings Call Insights
Nov 7, 2025

DENTSPLY SIRONA’s recent earnings call painted a challenging picture, marked by a decline in global and U.S. sales, an impairment charge, and a drop in EPS. Despite some positive developments, such as growth in European sales and Wellspect Healthcare, the overall sentiment was negative due to the financial difficulties and strategic hurdles the company faces. The focus was on a turnaround strategy to navigate these pressing issues.

Executive/Board Changes
DENTSPLY SIRONA CFO Matthew Garth Steps Down
Neutral
Nov 6, 2025

On October 31, 2025, DENTSPLY SIRONA Inc. announced that Matthew E. Garth will step down from his role as Executive Vice President and Chief Financial Officer, effective November 5, 2025. The company has begun searching for a new CFO and clarified that Garth’s departure is not due to any disagreements regarding the company’s financial practices. Concurrently, Daniel T. Scavilla, the company’s President and CEO, will take on the additional role of interim principal financial officer. This transition is not expected to involve any new compensatory arrangements for Scavilla.

The most recent analyst rating on (XRAY) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on DENTSPLY SIRONA stock, see the XRAY Stock Forecast page.

Legal ProceedingsRegulatory Filings and Compliance
DENTSPLY SIRONA SEC Investigation Concludes Favorably
Positive
Oct 14, 2025

On October 14, 2025, DENTSPLY SIRONA announced that the SEC has concluded its investigation, which began in May 2022, into the company’s financial reporting matters without recommending any enforcement action. This closure is seen as a significant and favorable development for the company, reflecting its cooperation with the SEC and potentially strengthening its position in the industry.

The most recent analyst rating on (XRAY) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on DENTSPLY SIRONA stock, see the XRAY Stock Forecast page.

Executive/Board Changes
DENTSPLY SIRONA Announces Leadership Transition for Rosenzweig
Neutral
Oct 3, 2025

On October 2, 2025, DENTSPLY SIRONA announced that Richard C. Rosenzweig will transition from his role as Executive Vice President, Corporate Development, General Counsel, and Secretary to a non-executive position as Special Legal Advisor, effective October 3, 2025. This transition is part of a mutual agreement, and Mr. Rosenzweig will continue to serve in an advisory capacity until March 4, 2026, with a monthly fee and additional severance benefits, before becoming an independent contractor consultant for a year.

The most recent analyst rating on (XRAY) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on DENTSPLY SIRONA stock, see the XRAY Stock Forecast page.

Executive/Board Changes
DENTSPLY SIRONA Approves Retention Award for Executives
Neutral
Sep 19, 2025

On September 19, 2025, DENTSPLY SIRONA‘s Board approved a one-time retention equity incentive award for executives, including Tony Johnson, to recognize his performance during a leadership transition. The award, valued at $2 million in stock options, aims to retain Johnson for three years, with options vesting on the third anniversary and expiring ten years from the grant date.

The most recent analyst rating on (XRAY) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on DENTSPLY SIRONA stock, see the XRAY Stock Forecast page.

Business Operations and Strategy
Dentsply Sirona Retains Wellspect Healthcare After Review
Positive
Sep 8, 2025

On September 8, 2025, Dentsply Sirona announced the completion of its strategic review of the Wellspect Healthcare business, deciding to retain it within its portfolio. This decision follows extensive evaluation and outreach, concluding that Wellspect, a leader in the global continence care market, will deliver greater financial and strategic benefits to stockholders as part of Dentsply Sirona, given its strong product pipeline and market potential.

The most recent analyst rating on (XRAY) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on DENTSPLY SIRONA stock, see the XRAY Stock Forecast page.

DENTSPLY SIRONA Faces Challenges Amid Growth Opportunities
Sep 2, 2025

DENTSPLY SIRONA’s latest earnings call reflected a challenging quarter marked by declines in sales across several regions and segments, particularly in the U.S. and CTS segment. Despite these hurdles, there were areas of stability and growth, such as the DS Core platform and Germany’s sales performance. However, the significant impact of tariffs and impairment charges weighed heavily on the overall sentiment.

Dentsply Sirona Reports Q2 2025 Financial Results
Aug 8, 2025

Dentsply Sirona, the world’s largest manufacturer of professional dental products and technologies, reported its second quarter 2025 financial results, highlighting a decrease in net sales and a leadership transition. The company, known for its innovative dental solutions, operates in the healthcare sector with a strong global presence.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 07, 2025