Varex Imaging (NASDAQ:VREX) Issues Q4 2024 Earnings Guidance

Varex Imaging (NASDAQ:VREX) 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) 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

Separately, StockNews.com cut shares of Varex Imaging from a buy rating to a hold rating in a research report on Monday, May 6th.

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.