Varex Imaging (VREX) Set to Announce Earnings on Thursday

Varex Imaging (NASDAQ:VREX - Get Free Report) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Varex Imaging has set its Q2 guidance at $0.10-$0.30 EPS and its Q2 2024 guidance at 0.100-0.300 EPS.Investors interested in listening to the company's conference call can do so using this link.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The company had revenue of $190.00 million during the quarter, compared to analyst estimates of $187.97 million. During the same quarter last year, the company posted $0.08 EPS. The firm's quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts expect Varex Imaging to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Varex Imaging Stock Performance

VREX traded down $0.18 on Thursday, reaching $16.90. The company had a trading volume of 442,579 shares, compared to its average volume of 318,845. Varex Imaging has a fifty-two week low of $16.62 and a fifty-two week high of $23.90. The stock has a market cap of $686.14 million, a P/E ratio of 17.60, a P/E/G ratio of 2.49 and a beta of 0.69. The company's fifty day moving average is $17.41 and its 200 day moving average is $18.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.37 and a current ratio of 4.30.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Varex Imaging from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th.

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.