DENTSPLY International (XRAY) reported quarterly earnings results on Friday, Aug-5-2016. The company said it had a profit of $0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.70. The company posted revenue of $1022.00 million in the period, compared to analysts expectations of $1028.82 million. The company’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on DENTSPLY International. DENTSPLY International was Initiated by Piper Jaffray to “Overweight” on Jun 13, 2016. Company shares were Reiterated by Barrington Research on May 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $62 .
DENTSPLY International closed down -1.45 points or -2.23% at $63.69 with 26,05,449 shares getting traded on Thursday. Post opening the session at $64.89, the shares hit an intraday low of $63.22 and an intraday high of $64.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 3, 2016, Rainer Berthan (Exec VP, Mfg & Supply Chain) sold 6,464 shares at $62.56 per share price. According to the SEC, on Nov 19, 2015, Deborah Rasin (VP,Secretary & General Counsel) sold 4,500 shares at $60.56 per share price. On Nov 4, 2015, Robert J. Size (Senior VP) sold 22,900 shares at $62.09 per share price, according to the Form-4 filing with the securities and exchange commission.
DENTSPLY International Inc. is a designer developer manufacturer and marketer of a range of consumable dental products for the professional dental market. It operates through three segments: Dental Consumable and Certain International Businesses; Dental Specialty and Laboratory and Certain Global Distribution Businesses and Healthcare and Emerging Markets Businesses. All the segments are primarily engaged in the design manufacture and distribution of dental and medical products in four product categories. Its Dental Consumable Products consist of dental supplies and devices and small equipment used in dental offices. Its Dental Laboratory Products are used in the preparation of dental appliances by dental laboratories. Its Dental Specialty Products are specialized treatment products used within the dental office and laboratory settings. Its Consumable Medical Device Products consist mainly of urology catheters certain surgical products medical drills and other products.