The 10-second takeaway
For the quarter ended June 30 (Q2), DENTSPLY International missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Margins grew across the board.
DENTSPLY International reported revenue of $761.0 million. The 10 analysts polled by S&P Capital IQ expected to see a top line of $782.7 million on the same basis. GAAP reported sales were 0.3% lower than the prior-year quarter's $763.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.66. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.65 per share. Non-GAAP EPS of $0.66 for Q2 were 6.5% higher than the prior-year quarter's $0.62 per share. GAAP EPS of $0.60 for Q2 were 7.1% higher than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 54.5%, 110 basis points better than the prior-year quarter. Operating margin was 16.1%, 100 basis points better than the prior-year quarter. Net margin was 11.5%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $725.6 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $3.02 billion. The average EPS estimate is $2.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 203 members out of 218 rating the stock outperform, and 15 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give DENTSPLY International a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DENTSPLY International is outperform, with an average price target of $43.64.
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