Varex Imaging (NASDAQ:VREX) Issues Q4 2024 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.000-0.150 for the period, compared to the consensus EPS estimate of 0.220. The company issued revenue guidance of $190.0 million-$210.0 million, compared to the consensus revenue estimate of $211.2 million. Varex Imaging also updated its Q4 guidance to $0.00-$0.15 EPS.

Analyst Ratings Changes

Separately, StockNews.com downgraded Varex Imaging from a buy rating to a hold rating in a research note on Monday, May 6th.

Varex Imaging Stock Down 9.0 %

Varex Imaging stock traded down $1.29 during midday trading on Friday, reaching $12.98. The stock had a trading volume of 1,154,779 shares, compared to its average volume of 398,306. Varex Imaging has a 12 month low of $12.76 and a 12 month high of $23.03. The company has a market capitalization of $530.88 million, a P/E ratio of 14.58, a PEG ratio of 2.85 and a beta of 0.59. The company has a fifty day moving average price of $14.78 and a two-hundred day moving average price of $16.43. The company has a current ratio of 4.23, a quick ratio of 2.37 and a debt-to-equity ratio of 0.75.

Varex Imaging (NASDAQ:VREX) last issued 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). Varex Imaging had a net margin of 4.11% and a return on equity of 6.14%. The firm had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, equities analysts expect that Varex Imaging will post 0.65 EPS for the current fiscal year.

Varex Imaging Company Profile

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.