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.
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.
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.
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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.
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