Varex Imaging (NASDAQ:VREX – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.00-$0.15 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $190-$210 million, compared to the consensus revenue estimate of $211.15 million. Varex Imaging also updated its Q4 2024 guidance to 0.000-0.150 EPS.
Varex Imaging Trading Down 9.0 %
NASDAQ VREX traded down $1.29 during trading hours on Friday, hitting $12.98. The company’s stock had a trading volume of 1,154,779 shares, compared to its average volume of 398,306. The stock has a fifty day moving average of $14.78 and a 200 day moving average of $16.45. The company has a quick ratio of 2.37, a current ratio of 4.23 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $530.88 million, a P/E ratio of 14.58, a PEG ratio of 2.85 and a beta of 0.59. Varex Imaging has a twelve month low of $12.76 and a twelve month high of $23.03.
Varex Imaging (NASDAQ:VREX – Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $209.00 million during the quarter, compared to analyst estimates of $209.50 million. Varex Imaging had a return on equity of 6.14% and a net margin of 4.11%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. Equities research analysts forecast that Varex Imaging will post 0.65 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on VREX
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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