DENTSPLY Market Perform, Based on Valuation, says Barrington Research

In a report published Thursday, Barrington Research analyst Michael Petusky maintained a Market Perform rating on

. In the report, Barrington Research noted, "The fourth quarter's financial results were generally in line with modeling, though the top-line result was a bit less than expected due to the greater-than-expected currency headwinds." The company's adjusted EPS came in at $0.60, $0.01 short of the consensus, with a $0.02-0.03 drag on adjusted EPS on account of currency headwinds. "Management issued a full-year 2015 adjusted EPS guidance range of $2.50-2.60, which was lower than our previous estimate of $2.66 (consensus was $2.68). We are now modeling $2.54 in adjusted EPS for the year," Petusky wrote. Barrington Research maintained its Market Perform rating "based on valuation." Petusky added, "…we think that the company is making progress on several fronts and would consider becoming more constructive on the idea if non-fundamentals-related share price weakness were to occur."