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Sirona Dental Systems Announces Earnings; Profit Falls to $38.3 Million – NASDAQ:SIRO

6 February 2012

stocks-46Sirona Dental Systems Inc. (SIRO) Friday announced first-quarter profit dropped to $38.3 million, or $0.67 a share, against $42.4 million, or $0.75 a share, a year earlier. Adjusted earnings remained $0.91 a share, against previous year’s $0.96 a share. The results show a lower gross margin rate, which was influenced by product mix.

Fourteen analysts surveyed by Thomson Reuters anticipated earnings of $0.91 a share. Analysts’ forecasts generally not include special items.

Revenue for the period rose to $258.1 million against $235.6 million in the previous-year, owing to a 24.3% enhancement in Imaging Systems revenues. Twelve analysts surveyed by Thomson Reuters anticipated revenues of $254.79 million.

Sirona Dental Systems, Inc. (NASDAQ:SIRO) last session volume of 1.44 million shares was surprisingly higher than its average volume of 0.376 million shares. The stock after opening at $48.79 hit high price of $50.73 and then closed at $47.94 by plunging -1.60%.

The liquidity measure in recent quarter results of the company was recorded 1.09 as current ratio and on the other side the debt to equity ratio was 0.40 and long-term debt to equity ratio remained flat. The Company had total cash at hand $345.86 million and a book value per share as $16.70 in the most recent quarter.

The stock price volatility was 3.14% for a week and 3.06% for a month as well as price volatility’s Average True Range for 14 days was 1.35 and its beta remained 1.57.

SIRO generated revenue of 913.87 million in the following twelve months and earned $121.79 million. The Company showed a positive 13.55% in the net profit margin and as well as in its operating margin which remained 17.61%. Company’s annual sales growth for the past five year was 11.91%.

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