DENTSPLY Sirona Inc
XRAY - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$1.82B
Close$
Earnings Call Q3 2026
November 5, 2026 - AI Summary
Q3 headline performance (mixed / still pressured):
- Revenue: $836M, -7.6% YoY (reported) / -7% in constant currency.
- Decline driven by continued pressure in dental, including absence of Byte revenue and planned dealer inventory reductions.
- Non-Byte impact: Excluding Byte-related and discrete one-time items (including planned inventory reductions), revenue declined only about -3.8% constant currency.
- Profitability: Adjusted gross margin +190 bps YoY, but adjusted gross profit ~- $20M due to volume decline and higher distribution costs.
- Adjusted EPS: $0.29, down $0.13 YoY.
Cash flow and capital return (negative working capital; continued buybacks):
- Operating cash flow: $32M vs $79M prior year quarter (down mainly due to unfavorable working capital).
- Share repurchases: 1.2M shares repurchased in Q3; $25M returned year-to-date through repurchases (second consecutive quarter).
- Balance sheet: Cash/cash equivalents $195M; net debt/EBITDA 3.4x.
- No dividend discussed; capital allocation emphasis remains debt reduction + buybacks.
Notable one-time/special item (surprising/technical):
- Adjusted gross profit and pre-tax income benefited by about +$39M pre-tax from a change in an accounting estimate tied to improved forecasting of profit included in inventory transfers after new consolidation systems.
- Management explicitly said this is multi-year in nature and not expected to recur similarly in future periods.
- Included in guidance/EPS discussion: CFO indicated the benefit is effectively reflected in the updated figures (with clarification that it’s post-tax lower than the pre-tax amount).
Exclusive for Stockcircle Pro members
Sign up
$17.98
96.3% upside
Current Fair Value
96.3% upsideUndervalued by 96.3% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $1.82 Billion |
|---|---|
| Enterprise Value | $3.99 Billion |
| Annual dividend | $0.64 |
| Dividend yield | 1.69% |
| Earnings per Share | $-3 |
| Beta | 0.88 |
| Outstanding Shares | 199,200,000 |
Return
| Return on Equity | -8.86% |
|---|---|
| Return on Assets | -2.31% |
| Return on Invested Capital | -0.28% |
Valuation & Multiples
| P/E Ratio | -15.51 |
|---|---|
| PEG | 15.58 |
| Price to Sales | 0.54 |
| Price to Book Ratio | 1.53 |
| Enterprise Value to Revenue | 1.11 |
| Enterprise Value to EBIT | -362.33 |
| Enterprise Value to Net Income | -34 |
| Total Debt to Enterprise | 0.59 |
| Debt to Equity | 1.74 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 5, 2026
EPS
$0.29
Est. $0.31Revenue
$836.00 M
Est. $861.68 MNext Earnings Call
Expected Date
February 25, 2027
EPS Estimate
$0.29
Consensus analyst estimateRevenue Estimate
$900.82 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 76.57% |
|---|---|
| Total Calls | 93,100▼ 81.74% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 17.33%▼ 96.91% |
|---|---|
| Total Invested | $306.56M▼ 87.35% |
| Investors Holding | 160▼ 229.00% |
About DENTSPLY Sirona Inc
14,000 employees
CEO: Bret Wise
DENTSPLY SIRONA Inc. is a global provider of diverse dental solutions, offering a comprehensive range of products and technologies to the professional dental industry across the globe. Its operations are segmented into two primary divisi...