Varex Imaging (NASDAQ:VREX – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.000-0.150 for the period, compared to the consensus EPS estimate of 0.220. The company issued revenue guidance of $190.0 million-$210.0 million, compared to the consensus revenue estimate of $211.2 million. Varex Imaging also updated its Q4 guidance to $0.00-$0.15 EPS.
Varex Imaging Trading Down 3.5 %
Shares of VREX traded down $0.52 during trading hours on Thursday, reaching $14.27. 761,682 shares of the company traded hands, compared to its average volume of 392,593. The company’s fifty day moving average price is $14.83 and its two-hundred day moving average price is $16.54. The company has a market capitalization of $583.64 million, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 3.28 and a beta of 0.59. The company has a quick ratio of 2.37, a current ratio of 4.23 and a debt-to-equity ratio of 0.75. Varex Imaging has a 12 month low of $13.97 and a 12 month high of $23.09.
Varex Imaging (NASDAQ:VREX – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). Varex Imaging had a net margin of 4.90% and a return on equity of 8.26%. The business had revenue of $206.20 million for the quarter, compared to analysts’ expectations of $205.15 million. During the same period last year, the business earned $0.26 earnings per share. The company’s revenue was down 9.6% on a year-over-year basis. Equities research analysts predict that Varex Imaging will post 0.65 earnings per share for the current fiscal year.
Analyst Ratings Changes
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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.
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