Varex Imaging (NASDAQ:VREX) Issues Q4 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.00-$0.15 for the period, compared to the consensus 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.

Varex Imaging Price Performance

Shares of NASDAQ:VREX traded down $1.29 on Friday, reaching $12.98. 1,154,779 shares of the company were exchanged, compared to its average volume of 398,306. The company has a 50-day moving average of $14.78 and a 200-day 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 firm has a market cap of $530.88 million, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.59. Varex Imaging has a 1-year low of $12.76 and a 1-year high of $23.03.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $209.00 million for the quarter, compared to analysts’ expectations of $209.50 million. Varex Imaging had a return on equity of 6.14% and a net margin of 4.11%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts forecast that Varex Imaging will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.