Wall Street analysts expect that Varex Imaging Corp (NASDAQ:VREX) will report $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Varex Imaging’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.36. Varex Imaging posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings results on Tuesday, May 5th.
On average, analysts expect that Varex Imaging will report full-year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.32 to $1.38. For the next fiscal year, analysts anticipate that the company will post earnings of $1.58 per share, with EPS estimates ranging from $1.43 to $1.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Varex Imaging.
Varex Imaging (NASDAQ:VREX) last issued its earnings results on Tuesday, February 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The business had revenue of $200.10 million during the quarter, compared to analysts’ expectations of $190.81 million.
Large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of Varex Imaging in the fourth quarter worth about $28,000. Meeder Asset Management Inc. acquired a new stake in shares of Varex Imaging in the third quarter worth about $45,000. Oppenheimer Asset Management Inc. lifted its position in shares of Varex Imaging by 13.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,704 shares of the company’s stock worth $110,000 after buying an additional 432 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Varex Imaging in the fourth quarter worth about $201,000. Finally, Victory Capital Management Inc. lifted its position in shares of Varex Imaging by 16.8% in the fourth quarter. Victory Capital Management Inc. now owns 6,930 shares of the company’s stock worth $207,000 after buying an additional 999 shares during the last quarter. 89.22% of the stock is owned by institutional investors.
NASDAQ VREX traded down $0.08 on Friday, reaching $25.89. The stock had a trading volume of 228,229 shares. The business has a 50 day moving average price of $29.54 and a 200 day moving average price of $29.17. Varex Imaging has a 1 year low of $23.10 and a 1 year high 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.
Featured Story: Range Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.