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What Does Dentsply’s Bottom-Line Trend Indicate?

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Nov. 27 2018, Updated 9:32 a.m. ET

Bottom line

Dentsply Sirona’s (XRAY) interest expense decreased marginally from $9.8 million in the third quarter of 2017 to $9.7 million in the third quarter. The company’s interest income increased from $400,000 in the third quarter of 2017 to $600,000 in the third quarter. Dentsply’s net other expense increased from $900,000 in the third quarter of 2017 to $4.7 million in the third quarter. The company’s provision for income taxes decreased from $7.1 million in the third quarter of 2017 to $4.2 million in the third quarter.

Dentsply’s net income declined from $90.6 million in the third quarter of 2017 to $28.0 million in the third quarter. The decline translated into a net EPS of $0.13 in the third quarter. Dentsply’s net EPS was $0.39 in the third quarter of 2017.

From $425.0 million in fiscal 2015, Dentsply’s free cash flow increased to $450.9 million in fiscal 2017. For fiscal 2018 and 2019, the company’s free cash flow is expected to be $475.0 million and $533.2 million, respectively.

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Price performance

So far, Dentsply stock has been on a downward trajectory in 2018. From $68.30 on January 8, Dentsply shares corrected to $33.93 on October 29, which was the lowest point in 2018.

The company’s shares have seen buying interest in November. Currently, the shares are trading at $36.5.

Dentsply’s price-to-free cash flow ratio stands at 30.92. Abbott Laboratories (ABT), Stryker (SYK), and Align Technology’s (ALGN) price-to-free cash flow ratios stand at 40.66, 64.59, and 47.49, respectively.

Next, we’ll discuss analysts’ views on Dentsply stock.

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