Varex Imaging (NASDAQ:VREX) Issues Q3 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.05 to $0.25 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

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

Varex Imaging Trading Down 5.1 %

NASDAQ:VREX traded down $0.84 on Friday, reaching $15.59. 1,030,491 shares of the stock traded hands, compared to its average volume of 267,226. 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 $14.56 and a 1-year high of $23.90. The company’s 50 day moving average is $17.32 and its 200-day moving average is $18.50. The firm has a market capitalization of $632.95 million, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.25 and a beta of 0.72.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). Varex Imaging had a net margin of 4.90% and a return on equity of 8.34%. The firm had revenue of $206.20 million during the quarter, compared to analyst estimates of $205.15 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Varex Imaging’s quarterly revenue was down 9.6% on a year-over-year basis. Equities research analysts anticipate that Varex Imaging will post 0.99 EPS for the current fiscal 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.