Varex Imaging (NASDAQ:VREX) Updates Q4 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.00-$0.15 for the period, compared to the consensus earnings per share estimate of $0.18. The company issued revenue guidance of $190-$210 million, compared to the consensus revenue estimate of $211.15 million. Varex Imaging also updated its Q4 2024 guidance to 0.000-0.150 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Varex Imaging from a buy rating to a hold rating in a report on Monday, May 6th.

Varex Imaging Stock Down 9.0 %

NASDAQ VREX traded down $1.29 during trading on Friday, hitting $12.98. 1,154,779 shares of the company traded hands, compared to its average volume of 398,306. Varex Imaging has a 12 month low of $12.76 and a 12 month high of $23.03. The business has a fifty day simple moving average of $14.78 and a 200 day simple moving average of $16.45. The company has a current ratio of 4.23, a quick ratio of 2.37 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $530.88 million, a P/E ratio of 14.58, a PEG ratio of 2.85 and a beta of 0.59.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The business had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. Varex Imaging had a return on equity of 6.14% and a net margin of 4.11%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, sell-side analysts predict that Varex Imaging will post 0.65 EPS for the current year.

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.