Varex Imaging (NASDAQ:VREX) Issues Q3 Earnings Guidance

Varex Imaging (NASDAQ:VREX) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.05 to $0.25 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $200 million to $220 million, compared to the consensus revenue estimate of $224.50 million.

Varex Imaging Stock Performance

Varex Imaging stock traded down $0.15 during trading hours on Thursday, reaching $16.43. 521,173 shares of the company were exchanged, compared to its average volume of 319,109. Varex Imaging has a 12 month low of $16.00 and a 12 month high of $23.90. The firm has a market cap of $667.06 million, a price-to-earnings ratio of 17.27, a PEG ratio of 2.34 and a beta of 0.72. The company has a current ratio of 4.30, a quick ratio of 2.37 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $17.37 and a 200 day moving average of $18.53.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Tuesday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $190.00 million during the quarter, compared to analyst estimates of $187.97 million. Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, research analysts anticipate that Varex Imaging will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Varex Imaging from a b- rating to a c rating in a research report on Tuesday, February 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.