Varex Imaging (VREX) Set to Announce Earnings on Thursday

Varex Imaging (NASDAQ:VREX) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Varex Imaging to post earnings of $0.23 per share for the quarter. Varex Imaging has set its Q2 guidance at $0.10-$0.30 EPS and its Q2 2024 guidance at 0.100-0.300 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The business had revenue of $190.00 million during the quarter, compared to analyst estimates of $187.97 million. During the same period in the previous year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts expect Varex Imaging to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Varex Imaging Stock Down 1.1 %

VREX stock opened at $17.08 on Thursday. The company has a current ratio of 4.30, a quick ratio of 2.37 and a debt-to-equity ratio of 0.76. Varex Imaging has a 1 year low of $16.62 and a 1 year high of $23.90. The company has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $18.60. The firm has a market cap of $693.45 million, a PE ratio of 17.79, a PEG ratio of 2.46 and a beta of 0.69.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of Varex Imaging from a “b-” rating to a “c” rating in a research note on Tuesday, February 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.