Report
Damien Conover
EUR 100.00 For Business Accounts Only

Dentsply Is a Leading Dental Supplier, but Industry Headwinds Place the Firm on Unstable Ground

Dentsply Sirona's first-quarter results mostly met our expectations. We anticipate a minor increase in our fair value estimate, as we think Dentsply's restructuring efforts are starting to materially bear fruit, and we are reiterating our no-moat rating. Dentsply reiterated its full-year outlook while narrowing its adjusted 2019 EPS guidance range to $2.30-$2.40 (from $2.25-$2.40), which still encompasses our previous $2.32 estimate. Although the overall gross profit margin dropped 20 basis poin...
Underlying
DENTSPLY SIRONA Inc.

DENTSPLY SIRONA is a manufacturer of dental products and technologies. The company's Consumables segment is responsible for the design, manufacture, sales and distribution of the company's dental consumable products which include preventive, restorative, endodontic, and dental laboratory products. The company's Technologies and Equipment segment includes responsibility for the design, manufacture, sales and distribution of the company's dental technology and equipment products and healthcare consumable products, including dental implants, computer-aided design/computer-aided manufacturing systems, orthodontic clear aligner products, imaging systems, treatment centers, instruments, and consumable medical device products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Damien Conover

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