2023 Stock Market Outperformer: Dentsply Sirona Rises Friday

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Friday was a good day for Dentsply Sirona ($NASDAQ:XRAY) Inc. stock, as the company’s stock closed higher than the overall market. The rise in Dentsply Sirona Inc.’s stock was due to several positive developments. The company’s profits have been increasing steadily over the past few years. Dentsply Sirona Inc. reported strong quarterly earnings, and the stock is expected to continue to perform well in 2023.

Additionally, the company’s products and services are highly regarded in the dental care industry, which gives them a competitive advantage. The company’s leadership has also been praised by investors. Dentsply Sirona Inc. has also been actively involved in acquisitions, which have helped to increase its market share and expand its offerings. Furthermore, the company’s strong balance sheet and cash flow allow them to make additional acquisitions or investments when necessary. Overall, the combination of strong profits, a well-respected leadership team and successful acquisition strategy makes Dentsply Sirona Inc. a stock market outperformer in 2023.

Price History

Friday saw Dentsply Sirona Inc. rise in the stock market. On Monday, the stock opened at $37.6 and closed at $37.5, an increase of 0.8% from its last closing price of $37.2. This is a positive sign for the dental products manufacturer and distributor and could be a good indicator of its success leading up to 2023. Although the company has faced some difficult challenges in recent times, its stock market performance may be a sign of its resilience and the potential to become an even larger player in the sector over the next few years. With a strong presence in the dental care space, there are plenty of opportunities for Dentsply Sirona to capitalize on.

These gains in the stock market could be further bolstered by greater investment over the coming years, particularly as the company continues to innovate and explore new opportunities. With solid technology, product and service offerings, it is likely that Dentsply Sirona will remain a major player in the dental industry for years to come. The stock market performance of Dentsply Sirona on Friday could be a sign that it is on track to outperform in 2023, with further potential for growth over the upcoming years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dentsply Sirona. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dentsply Sirona. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dentsply Sirona. More…

Key Ratios Snapshot

Some of the financial key ratios for Dentsply Sirona are shown below. More…

Analysis

At GoodWhale, we recently conducted an in-depth analysis of DENTSPLY SIRONA‘s wellbeing. Our results show that DENTSPLY SIRONA is considered a high risk investment, both from a financial and business standpoint. We identified two risk warnings on their income sheet and balance sheet. If you would like to review our findings in more detail, register on goodwhale.com and check it out. Our rigorous analysis of DENTSPLY SIRONA’s health is sure to give you insight into the company’s performance, and allow you to make an informed decision on your next steps. More…

Peers

In the competitive world of dental equipment manufacturers, Dentsply Sirona Inc. has held its own against some tough competitors. Edwards Lifesciences Corp, Escalon Medical Corp, and Medistim ASA are all companies that produce dental equipment and supplies that compete with Dentsply Sirona Inc.

– Edwards Lifesciences Corp ($NYSE:EW)

Edwards Lifesciences Corp is a medical technology company that specializes in products and technologies for the treatment of cardiovascular diseases. The company’s market capitalization is $45.45 billion as of 2022, and its return on equity is 18.9%. Edwards Lifesciences is headquartered in Irvine, California, and has operations in more than 75 countries worldwide.

– Escalon Medical Corp ($OTCPK:ESMC)

Escalon Medical Corp is a medical device company that manufactures and markets products for the ophthalmology, optometry, and veterinary markets worldwide. It has a market cap of 800.11k as of 2022 and a return on equity of 1.57%. The company’s products include ophthalmic surgical instruments, intraocular lenses, contact lenses, and disposables.

– Medistim ASA ($BER:MD1)

Medistim ASA is a Norwegian medical device company that develops, manufactures, and markets products for use in cardiac and vascular surgery. The company has a market capitalization of 455.95 million as of 2022 and a return on equity of 24.86%. Medistim’s products are used in a variety of procedures, including coronary artery bypass graft surgery, valve replacement surgery, and endovascular surgery. The company’s products are sold in over 50 countries worldwide.

Summary

Dentsply Sirona Inc. is an industry leader in the dental supply and equipment space, and its stock has been a top performer on the market this year. Analysts have praised the company’s strong balance sheet and financial position, which has allowed them to remain resilient in uncertain economic times. Dentsply Sirona has also diversified its revenue sources by expanding into digital solutions, which has helped to drive growth. Investment analysts continue to recommend Dentsply Sirona as a sound and attractive investment opportunity for long-term investors looking for both stability and growth potential.