Analysts Expect Varex Imaging (VREX) Will Announce Quarterly Sales of $193.61 Million
Wall Street analysts expect Varex Imaging (NASDAQ:VREX) to report sales of $193.61 million for the current quarter, Zacks reports. Two analysts have provided estimates for Varex Imaging’s earnings, with the lowest sales estimate coming in at $193.20 million and the highest estimate coming in at $194.02 million. The company is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Varex Imaging will report full-year sales of $193.61 million for the current year, with estimates ranging from $792.22 million to $792.30 million. For the next financial year, analysts expect that the business will post sales of $814.96 million per share, with estimates ranging from $814.70 million to $815.22 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Varex Imaging.
Varex Imaging (NASDAQ:VREX) last issued its earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.07. The company had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $213.73 million. The firm’s revenue was up 25.5% compared to the same quarter last year.
Shares of Varex Imaging (NASDAQ VREX) opened at $37.12 on Friday. Varex Imaging has a one year low of $25.00 and a one year high of $37.52. The company has a quick ratio of 1.72, a current ratio of 3.26 and a debt-to-equity ratio of 1.22.
In other news, insider Sunny Sanyal sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $36.50, for a total value of $1,825,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Security National Trust Co. purchased a new stake in shares of Varex Imaging in the 2nd quarter valued at approximately $108,000. Ameritas Investment Partners Inc. acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $112,000. Howard Hughes Medical Institute acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $134,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $136,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Varex Imaging during the 2nd quarter worth $147,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.
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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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