Brokerages expect Varex Imaging Corp (NASDAQ:VREX) to report $189.11 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Varex Imaging’s earnings, with estimates ranging from $181.52 million to $196.70 million. Varex Imaging posted sales of $154.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 22.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Varex Imaging will report full year sales of $189.11 million for the current year, with estimates ranging from $789.14 million to $789.90 million. For the next fiscal year, analysts forecast that the business will report sales of $805.72 million per share, with estimates ranging from $799.40 million to $812.04 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Varex Imaging.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.17). Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. The business had revenue of $176.20 million for the quarter, compared to the consensus estimate of $194.00 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis.
Varex Imaging (VREX) opened at $38.86 on Wednesday. Varex Imaging has a 1-year low of $27.80 and a 1-year high of $43.76. The company has a current ratio of 3.25, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1,470.00 and a price-to-earnings ratio of 32.38.
Several hedge funds have recently bought and sold shares of VREX. Dimensional Fund Advisors LP acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $9,048,000. Royal Bank of Canada acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $363,000. The Manufacturers Life Insurance Company acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $971,000. California State Teachers Retirement System acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $2,255,000. Finally, Aperio Group LLC acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $993,000. 93.49% of the stock is currently owned by institutional investors.
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Varex Imaging Company Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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