Varex Imaging (NASDAQ:VREX – Get Free Report) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.05 to $0.25 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $200 million to $220 million, compared to the consensus revenue estimate of $224.50 million.
Varex Imaging Trading Down 5.1 %
NASDAQ VREX traded down $0.84 on Friday, reaching $15.59. The company had a trading volume of 1,030,491 shares, compared to its average volume of 267,226. Varex Imaging has a 52 week low of $14.56 and a 52 week high of $23.90. The stock’s 50 day moving average is $17.32 and its 200-day moving average is $18.50. The company has a quick ratio of 2.37, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The stock has a market cap of $632.95 million, a price-to-earnings ratio of 17.52, a PEG ratio of 2.25 and a beta of 0.72.
Varex Imaging (NASDAQ:VREX – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $206.20 million during the quarter, compared to analyst estimates of $205.15 million. Varex Imaging had a net margin of 4.90% and a return on equity of 8.34%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. Equities analysts predict that Varex Imaging will post 0.99 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Varex Imaging
Varex Imaging Company Profile
Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.
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