Brokerages expect Varex Imaging Corp (NASDAQ:VREX) to post earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Varex Imaging’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.38. Varex Imaging posted earnings per share of $0.40 during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Varex Imaging will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $1.87. For the next year, analysts anticipate that the firm will post earnings of $2.18 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Varex Imaging.
Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.17). Varex Imaging had a net margin of 7.24% and a return on equity of 16.90%. The company had revenue of $176.20 million for the quarter, compared to the consensus estimate of $194.00 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year.
Shares of Varex Imaging (NASDAQ:VREX) traded up $0.38 during trading hours on Monday, hitting $38.41. The stock had a trading volume of 202,879 shares, compared to its average volume of 290,881. Varex Imaging has a 52-week low of $27.80 and a 52-week high of $43.76. The company has a market capitalization of $1,435.94, a PE ratio of 28.04, a P/E/G ratio of 2.04 and a beta of 3.16. The company has a quick ratio of 1.60, a current ratio of 3.25 and a debt-to-equity ratio of 1.09.
Several large investors have recently made changes to their positions in VREX. Russell Investments Group Ltd. bought a new position in shares of Varex Imaging during the third quarter valued at about $17,856,000. Cooke & Bieler LP grew its stake in shares of Varex Imaging by 366.8% during the fourth quarter. Cooke & Bieler LP now owns 375,151 shares of the company’s stock valued at $15,070,000 after buying an additional 294,777 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Varex Imaging during the second quarter valued at about $9,048,000. APG Asset Management N.V. grew its stake in shares of Varex Imaging by 324.1% during the fourth quarter. APG Asset Management N.V. now owns 335,024 shares of the company’s stock valued at $11,207,000 after buying an additional 256,024 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Varex Imaging by 123.1% during the fourth quarter. Renaissance Technologies LLC now owns 431,500 shares of the company’s stock valued at $17,333,000 after buying an additional 238,100 shares during the last quarter. 93.49% of the stock is currently owned by hedge funds and other institutional investors.
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Varex Imaging Company Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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