DENTSPLY (XRAY) Scales A 52-Week High On Strong Q1 Results
Zacks Investment Research | Jun 10, 2016 07:02AM ET
Shares of DENTSPLY International Inc. (NASDAQ:XRAY) rallied to a new 52-week high of $64.59 on Jun 9 and closed a tad bit lower at $64.43. This represents a strong one-year return of approximately 22.1%, much better than the S&P 500’s return of -0.5% over the same period.
Currently, DENTSPLY has a Zacks Rank #3 (Hold). The stock has a market cap of $14.70 billion and a long-term expected earnings growth rate of 11.1%.
Growth Catalysts
DENTSPLY reported impressive first-quarter 2016 results. Adjusted earnings of 69 cents per share comfortably beat the Zacks Consensus Estimate by 6 cents. Earnings improved almost 17% on a year-over-year basis, primarily driven by strong top-line growth and margin expansion.
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