Varex Imaging (NASDAQ:VREX – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05), Briefing.com reports. The business had revenue of $209.00 million for the quarter, compared to analyst estimates of $209.50 million. Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. Varex Imaging’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. 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 Performance
Shares of NASDAQ:VREX traded down $1.29 during trading on Friday, reaching $12.98. 1,154,778 shares of the stock were exchanged, compared to its average volume of 397,745. Varex Imaging has a 12 month low of $12.76 and a 12 month high of $23.03. The firm has a market cap of $530.88 million, a PE ratio of 14.65, a PEG ratio of 3.25 and a beta of 0.59. The stock has a 50-day moving average price of $14.82 and a 200-day moving average price of $16.53. The company has a current ratio of 4.23, a quick ratio of 2.37 and a debt-to-equity ratio of 0.75.
Analyst Ratings Changes
Separately, StockNews.com downgraded 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.
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