Wall Street brokerages expect Varex Imaging (NASDAQ:VREX) to report earnings per share (EPS) of $0.40 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Varex Imaging’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Varex Imaging will report full-year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.82. For the next financial year, analysts forecast that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $2.00 to $2.11. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Varex Imaging.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The business had revenue of $216.00 million for the quarter, compared to analyst estimates of $213.73 million. The firm’s quarterly revenue was up 25.5% on a year-over-year basis.

A number of analysts recently issued reports on VREX shares. Jefferies Group started coverage on Varex Imaging in a research report on Wednesday, August 9th. They issued a “buy” rating and a $34.00 target price for the company. Zacks Investment Research raised Varex Imaging from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, J P Morgan Chase & Co raised Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 target price for the company in a research report on Tuesday, August 8th.

Varex Imaging (NASDAQ VREX) traded up $0.05 during trading hours on Thursday, hitting $37.12. The stock had a trading volume of 293,175 shares, compared to its average volume of 277,159. Varex Imaging has a twelve month low of $25.00 and a twelve month high of $37.52. The company has a quick ratio of 1.72, a current ratio of 3.26 and a debt-to-equity ratio of 1.22.

In other Varex Imaging news, insider Sunny Sanyal sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $36.50, for a total transaction of $1,825,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Varex Imaging during the 2nd quarter worth approximately $156,842,000. Vanguard Group Inc. acquired a new stake in Varex Imaging during the 2nd quarter worth approximately $116,560,000. QV Investors Inc. lifted its position in Varex Imaging by 18.3% during the 3rd quarter. QV Investors Inc. now owns 2,094,088 shares of the company’s stock worth $70,863,000 after acquiring an additional 323,703 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Varex Imaging by 1.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,782,645 shares of the company’s stock worth $60,325,000 after buying an additional 23,700 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt purchased a new position in shares of Varex Imaging during the 3rd quarter worth approximately $50,596,000. 92.65% of the stock is owned by institutional investors.

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About Varex Imaging

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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