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.

Several brokerages have recently commented on VREX. ValuEngine raised Varex Imaging from a hold rating to a buy rating in a research note on Thursday, July 26th. TheStreet lowered Varex Imaging from a c- rating to a d+ rating in a research note on Friday, October 26th. Zacks Investment Research raised Varex Imaging from a strong sell rating to a hold rating in a research note on Thursday, October 4th. Finally, Jefferies Financial Group decreased their price target on Varex Imaging to $33.00 and set a buy rating on the stock in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $37.00.

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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