Varex Imaging (NASDAQ:VREX) Releases Earnings Results, Misses Expectations By $0.05 EPS

Varex Imaging (NASDAQ:VREX) posted its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05), Briefing.com reports. Varex Imaging had a net margin of 4.11% and a return on equity of 6.14%. The company had revenue of $209.00 million for the quarter, compared to analyst estimates of $209.50 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Varex Imaging’s revenue was down 10.0% on a year-over-year basis. Varex Imaging updated its Q4 guidance to $0.00-$0.15 EPS and its Q4 2024 guidance to 0.000-0.150 EPS.

Varex Imaging Stock Down 9.0 %

VREX stock opened at $12.98 on Friday. The stock has a market capitalization of $530.88 million, a P/E ratio of 14.58, a PEG ratio of 3.14 and a beta of 0.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.37 and a current ratio of 4.23. Varex Imaging has a one year low of $12.76 and a one year high of $23.03. The company has a 50 day moving average price of $14.78 and a two-hundred day moving average price of $16.48.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday, May 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.