Equities analysts forecast that Varex Imaging Corp (NASDAQ:VREX) will post $189.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Varex Imaging’s earnings, with estimates ranging from $181.52 million to $196.70 million. Varex Imaging posted sales of $154.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The company is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Varex Imaging will report full year sales of $189.11 million for the current year, with estimates ranging from $789.14 million to $789.90 million. For the next fiscal year, analysts anticipate that the business will post sales of $805.72 million per share, with estimates ranging from $799.40 million to $812.04 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Varex Imaging.
Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, February 1st. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.17). The company had revenue of $176.20 million for the quarter, compared to analysts’ expectations of $194.00 million. Varex Imaging had a net margin of 7.24% and a return on equity of 16.90%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share.
A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. increased its holdings in Varex Imaging by 5.8% during the 3rd quarter. American International Group Inc. now owns 29,823 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,624 shares during the last quarter. California Public Employees Retirement System increased its holdings in Varex Imaging by 2.0% during the 4th quarter. California Public Employees Retirement System now owns 86,820 shares of the company’s stock worth $3,488,000 after purchasing an additional 1,700 shares during the last quarter. Rhumbline Advisers increased its holdings in Varex Imaging by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 76,119 shares of the company’s stock worth $2,576,000 after purchasing an additional 1,860 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Varex Imaging by 22.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,200 shares of the company’s stock worth $345,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Varex Imaging by 2.9% during the 4th quarter. Teachers Advisors LLC now owns 68,444 shares of the company’s stock worth $2,749,000 after purchasing an additional 1,923 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.
Shares of Varex Imaging (NASDAQ VREX) opened at $38.86 on Wednesday. The company has a market capitalization of $1,470.00 and a PE ratio of 32.38. The company has a current ratio of 3.25, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. Varex Imaging has a twelve month low of $27.80 and a twelve month high of $43.76.
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Varex Imaging Company Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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