Varex Imaging (VREX) Receives Media Impact Rating of 0.20
News headlines about Varex Imaging (NASDAQ:VREX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Varex Imaging earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.6838250569921 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Varex Imaging (NASDAQ:VREX) traded up 0.58% during midday trading on Tuesday, hitting $33.22. The stock had a trading volume of 63,480 shares. The company has a 50-day moving average price of $32.37 and a 200-day moving average price of $32.71. The stock has a market cap of $1.25 billion and a P/E ratio of 21.25. Varex Imaging has a 52 week low of $25.00 and a 52 week high of $36.58.
Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The company had revenue of $170.00 million during the quarter, compared to analyst estimates of $179.05 million. The business’s revenue was up 12.6% on a year-over-year basis. Equities analysts expect that Varex Imaging will post $1.59 EPS for the current year.
VREX has been the subject of a number of research reports. Jefferies Group LLC initiated coverage on Varex Imaging in a report on Wednesday, August 9th. They set a “buy” rating and a $34.00 target price for the company. Zacks Investment Research raised Varex Imaging from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, J P Morgan Chase & Co raised Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 target price for the company in a report on Tuesday, August 8th.
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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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