Varex Imaging (NASDAQ:VREX) Releases Q3 2024 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.050-0.250 for the period, compared to the consensus estimate of 0.330. The company issued revenue guidance of $200.0 million-$220.0 million, compared to the consensus revenue estimate of $224.5 million.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of Varex Imaging from a b- rating to a c rating in a report on Tuesday, February 6th.

Varex Imaging Stock Up 0.3 %

Shares of NASDAQ VREX traded up $0.04 during trading hours on Monday, hitting $15.63. 588,224 shares of the stock were exchanged, compared to its average volume of 330,828. 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 company has a market cap of $639.27 million, a PE ratio of 17.52, a PEG ratio of 2.25 and a beta of 0.72. The firm has a fifty day moving average price of $17.32 and a 200-day moving average price of $18.50. Varex Imaging has a 12 month low of $14.56 and a 12 month high of $23.90.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $206.20 million for the quarter, compared to the consensus estimate of $205.15 million. Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. On average, sell-side analysts expect that Varex Imaging will post 0.99 EPS for the current year.

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.