Wall Street brokerages forecast that Varex Imaging Corp (NASDAQ:VREX) will announce $0.44 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Varex Imaging’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.38. Varex Imaging reported earnings of $0.40 per share during the same quarter last year, which suggests a positive year over year growth rate of 10%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Varex Imaging will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $1.87. For the next financial year, analysts forecast that the business will post earnings of $2.18 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Varex Imaging.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.17). Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. The firm had revenue of $176.20 million for the quarter, compared to analysts’ expectations of $194.00 million. During the same period in the prior year, the firm posted $0.37 earnings per share. Varex Imaging’s revenue for the quarter was up 11.9% on a year-over-year basis.
Varex Imaging (NASDAQ VREX) traded up $0.38 during mid-day trading on Monday, hitting $38.41. 202,879 shares of the company were exchanged, compared to its average volume of 290,881. Varex Imaging has a 52-week low of $27.80 and a 52-week high of $43.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 3.25. The stock has a market cap of $1,435.94, a PE ratio of 28.04, a PEG ratio of 2.04 and a beta of 3.16.
Institutional investors have recently added to or reduced their stakes in the business. Texas Yale Capital Corp. purchased a new stake in Varex Imaging in the 4th quarter valued at about $200,000. Welch & Forbes LLC purchased a new stake in Varex Imaging in the 4th quarter valued at about $205,000. Xact Kapitalforvaltning AB purchased a new stake in Varex Imaging in the 4th quarter valued at about $218,000. GHP Investment Advisors Inc. purchased a new stake in Varex Imaging in the 4th quarter valued at about $221,000. Finally, Amalgamated Bank purchased a new stake in Varex Imaging in the 4th quarter valued at about $222,000. 93.49% of the stock is owned by institutional investors.
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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