$0.44 Earnings Per Share Expected for Varex Imaging (VREX) This Quarter

Wall Street analysts predict that Varex Imaging (NASDAQ:VREX) will announce earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Varex Imaging’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.50. Varex Imaging reported earnings of $0.40 per share during the same quarter last year, which suggests a positive year over year growth rate of 10%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Varex Imaging will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.86 to $1.87. For the next financial year, analysts expect that the firm will post earnings of $2.18 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Varex Imaging.

How to Become a New Pot Stock Millionaire

Varex Imaging (NASDAQ:VREX) last issued its earnings results on Thursday, February 1st. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.17). The firm had revenue of $176.20 million during the quarter, compared to the consensus estimate of $194.00 million. Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS.

Several research firms recently weighed in on VREX. JPMorgan Chase upgraded shares of Varex Imaging from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 20th. Zacks Investment Research cut shares of Varex Imaging from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st.

NASDAQ:VREX traded down $0.95 during trading hours on Friday, hitting $35.84. The company had a trading volume of 101,095 shares, compared to its average volume of 261,943. The stock has a market cap of $1,361.93, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.93 and a beta of 2.47. Varex Imaging has a 52 week low of $27.80 and a 52 week high of $43.76. The company has a quick ratio of 1.60, a current ratio of 3.25 and a debt-to-equity ratio of 1.09.

Large investors have recently added to or reduced their stakes in the stock. Texas Yale Capital Corp. bought a new stake in Varex Imaging in the fourth quarter valued at $200,000. Welch & Forbes LLC bought a new stake in Varex Imaging in the fourth quarter valued at $205,000. Xact Kapitalforvaltning AB bought a new stake in Varex Imaging in the fourth quarter valued at $218,000. GHP Investment Advisors Inc. bought a new stake in Varex Imaging in the fourth quarter valued at $221,000. Finally, Amalgamated Bank bought a new stake in Varex Imaging in the fourth quarter valued at $222,000. Institutional investors and hedge funds own 93.49% of the company’s stock.

TRADEMARK VIOLATION WARNING: “$0.44 Earnings Per Share Expected for Varex Imaging (VREX) This Quarter” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3336448/0-44-earnings-per-share-expected-for-varex-imaging-vrex-this-quarter.html.

Varex Imaging Company Profile

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.

Get a free copy of the Zacks research report on Varex Imaging (VREX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Inphi  Posts Quarterly  Earnings Results, Hits Estimates
Inphi Posts Quarterly Earnings Results, Hits Estimates
Vicor  Releases  Earnings Results
Vicor Releases Earnings Results
AdEx  Price Tops $1.12 on Major Exchanges
AdEx Price Tops $1.12 on Major Exchanges
Decentraland Trading Up 46% Over Last 7 Days
Decentraland Trading Up 46% Over Last 7 Days
Analyzing Convergys  & Its Peers
Analyzing Convergys & Its Peers
UGI  vs. Sempra Energy  Head-To-Head Analysis
UGI vs. Sempra Energy Head-To-Head Analysis


© 2006-2018 Ticker Report. Google+.