Varex Imaging Corp (NASDAQ:VREX) – Jefferies Financial Group dropped their Q2 2020 earnings estimates for Varex Imaging in a report released on Wednesday, February 12th. Jefferies Financial Group analyst A. Petrone now anticipates that the company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.37. Jefferies Financial Group currently has a “Hold” rating and a $30.00 price objective on the stock. Jefferies Financial Group also issued estimates for Varex Imaging’s Q4 2020 earnings at $0.47 EPS, FY2020 earnings at $1.40 EPS and FY2022 earnings at $1.67 EPS.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). Varex Imaging had a net margin of 2.13% and a return on equity of 11.49%. The company had revenue of $200.10 million during the quarter, compared to the consensus estimate of $190.81 million.
Shares of NASDAQ VREX traded down $0.04 during trading on Friday, reaching $25.93. The company had a trading volume of 2,140 shares, compared to its average volume of 190,356. The stock has a market cap of $999.69 million, a P/E ratio of 60.37, a PEG ratio of 4.07 and a beta of 1.86. The company has a quick ratio of 1.09, a current ratio of 2.50 and a debt-to-equity ratio of 0.81. The company’s fifty day moving average price is $29.63 and its 200-day moving average price is $29.20. Varex Imaging has a 12 month low of $23.10 and a 12 month high of $35.00.
Several large investors have recently made changes to their positions in VREX. Isthmus Partners LLC raised its holdings in shares of Varex Imaging by 1.0% in the fourth quarter. Isthmus Partners LLC now owns 41,542 shares of the company’s stock worth $1,238,000 after buying an additional 396 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Varex Imaging by 13.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,704 shares of the company’s stock worth $110,000 after purchasing an additional 432 shares during the last quarter. First National Bank of Omaha raised its holdings in shares of Varex Imaging by 2.5% during the third quarter. First National Bank of Omaha now owns 24,043 shares of the company’s stock worth $686,000 after purchasing an additional 584 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Varex Imaging by 4.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,181 shares of the company’s stock worth $484,000 after purchasing an additional 698 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Varex Imaging by 1.2% during the third quarter. California State Teachers Retirement System now owns 58,674 shares of the company’s stock worth $1,675,000 after purchasing an additional 701 shares during the last quarter. 89.22% of the stock is currently owned by institutional investors.
Varex Imaging Company Profile
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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