Varex Imaging (NASDAQ:VREX) Issues Q3 2024 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.050-0.250 for the period, compared to the consensus earnings per share estimate of 0.330. The company issued revenue guidance of $200.0 million-$220.0 million, compared to the consensus revenue estimate of $224.5 million.

Varex Imaging Stock Up 0.1 %

NASDAQ VREX traded up $0.02 on Monday, reaching $15.61. The stock had a trading volume of 423,167 shares, compared to its average volume of 328,535. The company has a current ratio of 4.23, a quick ratio of 2.37 and a debt-to-equity ratio of 0.75. Varex Imaging has a 1 year low of $14.56 and a 1 year high of $23.90. The business has a 50 day moving average price of $17.32 and a 200 day moving average price of $18.50. The company has a market capitalization of $638.45 million, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.25 and a beta of 0.72.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). Varex Imaging had a net margin of 4.90% and a return on equity of 8.26%. The company had revenue of $206.20 million for the quarter, compared to the consensus estimate of $205.15 million. During the same quarter last year, the business earned $0.26 earnings per share. Varex Imaging’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts forecast that Varex Imaging will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet cut Varex Imaging from a b- rating to a c rating in a research report on Tuesday, February 6th.

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.