Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Sirona Dental Systems Shares Soared

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of dental equipment supplier Sirona Dental Systems (Nasdaq: SIRO  ) rose by as much as 12% today after reporting better-than-expected fourth-quarter results and naming a new CEO.

So what: For the quarter, Sirona reported a 13% increase in sales to $247.4 million as orders within the United States and Asia picked up. Excluding one-time charges, EPS rose to $0.71, 4% higher than the year-ago period. Wall Street had been expecting Sirona to report a profit of $0.70 on just $226.6 million in revenue. Sirona's 2013 full-year forecast calls for a 9%-11% increase in sales and EPS of $3.33-$3.43, which are both in line with current expectations. The company also announced that Jeffrey Slovin, the current president, will be promoted to CEO in February when current CEO Jost Fischer retires.

Now what: OK, well I'm all wet. I said going into this week that I was skeptical of Sirona's ability to meet sales targets because of tightening consumer spending, but apparently that turned out to be an overly cautious estimation. With the stock at 18 times forward earnings, I still can't say I'm thrilled with its valuation and think caution should be exercised, but if it can keep up a roughly 10% growth rate for a few more years, then it's quite possible it could head even higher.

Craving more input? Start by adding Sirona Dental Systems to your free and personalized watchlist so you can keep up on the latest news with the company.

Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2117529, ~/Articles/ArticleHandler.aspx, 10/27/2016 1:17:33 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,212.96 13.63 0.07%
S&P 500 2,138.76 -0.67 -0.03%
NASD 5,231.66 -18.61 -0.35%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
SIRO.DL $0.00 Down +0.00 +0.00%
Sirona Dental Syst… CAPS Rating: *****