Varex Imaging (NASDAQ:VREX) Issues Q4 Earnings Guidance

Varex Imaging (NASDAQ:VREX) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.00-$0.15 for the period, compared to the consensus EPS 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 shares of Varex Imaging from a buy rating to a hold rating in a report on Monday, May 6th.

Varex Imaging Stock Performance

NASDAQ:VREX traded down $0.52 during mid-day trading on Thursday, reaching $14.27. 761,682 shares of the company’s stock were exchanged, compared to its average volume of 392,593. Varex Imaging has a one year low of $13.97 and a one year high of $23.09. The business’s fifty day simple moving average is $14.83 and its two-hundred day simple moving average is $16.54. The firm has a market capitalization of $583.64 million, a PE ratio of 15.92, a price-to-earnings-growth ratio of 3.28 and a beta of 0.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.37 and a current ratio of 4.23.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. The firm had revenue of $206.20 million for the quarter, compared to analyst estimates of $205.15 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. Analysts anticipate that Varex Imaging will post 0.65 earnings per share for the current fiscal 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.