Varex Imaging (VREX) Scheduled to Post Quarterly Earnings on Tuesday

Varex Imaging (NASDAQ:VREX) will issue its Q3 2019 quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Varex Imaging has set its FY19 guidance at $1.25-1.55 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $194.76 million. Varex Imaging had a return on equity of 10.93% and a net margin of 1.65%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. On average, analysts expect Varex Imaging to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VREX opened at $30.47 on Monday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.32 and a beta of 1.79. The company has a current ratio of 2.80, a quick ratio of 1.13 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $30.47. Varex Imaging has a fifty-two week low of $21.57 and a fifty-two week high of $35.00.

In related news, SVP Kimberley E. Honeysett sold 916 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $30.00, for a total transaction of $27,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin Bruce Yankton sold 1,149 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.00, for a total value of $35,619.00. The disclosure for this sale can be found here. Insiders sold 2,905 shares of company stock valued at $87,677 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

VREX has been the subject of several research reports. CJS Securities raised Varex Imaging from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 11th. Zacks Investment Research lowered Varex Imaging from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Finally, Northland Securities restated a “buy” rating and issued a $42.00 target price on shares of Varex Imaging in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.00.

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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Earnings History for Varex Imaging (NASDAQ:VREX)

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