Brokerages expect Varex Imaging Corp (NASDAQ:VREX) to post earnings per share of $0.40 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Varex Imaging’s earnings, with estimates ranging from $0.39 to $0.41. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Varex Imaging will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.82 to $2.01. For the next year, analysts forecast that the business will post earnings of $2.20 per share, with EPS estimates ranging from $2.11 to $2.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Varex Imaging.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data 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 firm had revenue of $216.00 million during the quarter, compared to the consensus estimate of $213.73 million. The company’s quarterly revenue was up 25.5% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Varex Imaging from a “strong sell” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Saturday, December 23rd. Jefferies Group lifted their target price on Varex Imaging to $39.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. raised Varex Imaging from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 20th.

Varex Imaging (NASDAQ:VREX) opened at $40.41 on Thursday. The company has a current ratio of 3.26, a quick ratio of 1.72 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1,530.00 and a P/E ratio of 29.71. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $41.99.

In other Varex Imaging news, insider Sunny Sanyal sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $36.50, for a total value of $1,825,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in Varex Imaging during the second quarter worth about $112,000. Howard Hughes Medical Institute bought a new stake in Varex Imaging during the second quarter worth about $134,000. Oppenheimer Asset Management Inc. bought a new stake in Varex Imaging during the second quarter worth about $136,000. Pinebridge Investments L.P. bought a new stake in Varex Imaging during the second quarter worth about $167,000. Finally, Tufton Capital Management bought a new stake in Varex Imaging during the third quarter worth about $201,000. Institutional investors own 92.37% of the company’s stock.

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About Varex Imaging

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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