Varex Imaging (VREX) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Varex Imaging (NASDAQ:VREX) released its quarterly earnings results on Tuesday. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01), Bloomberg Earnings reports. Varex Imaging had a net margin of 5.39% and a return on equity of 15.16%. The business had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $192.10 million. During the same period in the previous year, the company earned $0.59 EPS. Varex Imaging’s revenue for the quarter was down 5.1% compared to the same quarter last year. Varex Imaging updated its FY 2019 guidance to $1.25-1.55 EPS and its FY18 guidance to $1.25-1.55 EPS.
Shares of NASDAQ:VREX traded down $0.66 during mid-day trading on Tuesday, reaching $26.11. 889,352 shares of the company traded hands, compared to its average volume of 287,589. The company has a market cap of $1.04 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.58. The company has a current ratio of 3.16, a quick ratio of 1.42 and a debt-to-equity ratio of 0.89. Varex Imaging has a 52 week low of $24.06 and a 52 week high of $43.76.
In related news, CFO Clarence R. Verhoef acquired 3,300 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was bought at an average cost of $29.58 per share, for a total transaction of $97,614.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.
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About Varex Imaging
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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