Analysts forecast that Varex Imaging (NASDAQ:VREX) will announce $0.40 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Varex Imaging’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.41. The firm 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 $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.82. For the next fiscal year, analysts anticipate that the business will report earnings of $2.06 per share, with EPS estimates ranging from $2.00 to $2.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Varex Imaging.
Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $216.00 million during the quarter, compared to analysts’ expectations of $213.73 million. The business’s quarterly revenue was up 25.5% compared to the same quarter last year.
A number of research firms recently commented on VREX. J P Morgan Chase & Co raised Varex Imaging from an “underweight” rating to a “neutral” rating in a research note on Wednesday. Zacks Investment Research lowered Varex Imaging from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group increased their price objective on Varex Imaging to $39.00 and gave the company a “buy” rating in a research note on Friday, November 10th.
In other Varex Imaging news, insider Sunny Sanyal sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $36.50, for a total value of $1,825,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Several institutional investors have recently added to or reduced their stakes in the company. Security National Trust Co. purchased a new stake in Varex Imaging during the 2nd quarter worth approximately $108,000. Ameritas Investment Partners Inc. acquired a new position in shares of Varex Imaging in the 2nd quarter worth approximately $112,000. Howard Hughes Medical Institute acquired a new position in Varex Imaging during the 2nd quarter valued at approximately $134,000. Oppenheimer Asset Management Inc. acquired a new position in Varex Imaging during the 2nd quarter valued at approximately $136,000. Finally, Pinebridge Investments L.P. acquired a new position in Varex Imaging during the 2nd quarter valued at approximately $167,000. Institutional investors own 92.62% of the company’s stock.
Varex Imaging (NASDAQ VREX) traded up $0.83 on Monday, hitting $40.51. The company had a trading volume of 261,035 shares, compared to its average volume of 418,343. The company has a current ratio of 3.26, a quick ratio of 1.72 and a debt-to-equity ratio of 1.22. Varex Imaging has a fifty-two week low of $25.00 and a fifty-two week high of $40.58.
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About Varex Imaging
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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