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

Varex Imaging (NASDAQ:VREX) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.050-0.250 for the period, compared to the consensus EPS 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 Price Performance

Shares of VREX stock traded up $0.04 during trading hours on Monday, hitting $15.63. The stock had a trading volume of 588,224 shares, compared to its average volume of 330,828. The stock’s 50-day moving average price is $17.32 and its two-hundred day moving average price is $18.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.23 and a quick ratio of 2.37. Varex Imaging has a one year low of $14.56 and a one year high of $23.90. The stock has a market capitalization of $639.27 million, a price-to-earnings ratio of 17.52, a PEG ratio of 2.25 and a beta of 0.72.

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

Analyst Upgrades and Downgrades

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

About Varex Imaging

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.