Varex Imaging (VREX) Issues FY18 Earnings Guidance
Varex Imaging (NASDAQ:VREX) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.25-1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. The company issued revenue guidance of $755-780 million, compared to the consensus revenue estimate of $760.50 million.Varex Imaging also updated its FY 2019 guidance to $1.25-1.55 EPS.
NASDAQ VREX traded down $0.66 on Tuesday, reaching $26.11. 889,352 shares of the company were exchanged, compared to its average volume of 287,589. The firm has a market capitalization of $1.04 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.42 and a current ratio of 3.16. Varex Imaging has a fifty-two week low of $24.06 and a fifty-two week high of $43.76.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.01). The company had revenue of $204.80 million for the quarter, compared to analyst estimates of $192.10 million. Varex Imaging had a return on equity of 15.16% and a net margin of 5.39%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. As a group, sell-side analysts forecast that Varex Imaging will post 1.33 EPS for the current year.
In other Varex Imaging news, CFO Clarence R. Verhoef purchased 3,300 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were acquired at an average price of $29.58 per share, with a total value of $97,614.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% 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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