Varex Imaging (NASDAQ:VREX) Releases Q1 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $(0.05)-$0.10 for the period, compared to the consensus estimate of $0.02. The company issued revenue guidance of $195-215 million, compared to the consensus revenue estimate of $186.50 million.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on shares of Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 price target on the stock.

Varex Imaging Trading Up 3.1 %

VREX stock traded up $0.44 during midday trading on Tuesday, reaching $14.56. 1,202,387 shares of the company’s stock traded hands, compared to its average volume of 489,282. The company has a market capitalization of $595.50 million, a P/E ratio of 19.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.34 and a quick ratio of 1.89. Varex Imaging has a fifty-two week low of $10.19 and a fifty-two week high of $21.50. The business has a 50-day moving average price of $12.35 and a two-hundred day moving average price of $13.46.

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.