Somewhat Favorable News Coverage Somewhat Unlikely to Impact Varex Imaging (VREX) Share Price
News articles about Varex Imaging (NASDAQ:VREX) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Varex Imaging earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.6902658899955 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
VREX has been the subject of a number of research analyst reports. Zacks Investment Research cut Varex Imaging from a “strong-buy” rating to a “hold” rating in a report on Friday, July 7th. J P Morgan Chase & Co raised Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price target for the company in a report on Tuesday, August 8th. Finally, Jefferies Group LLC initiated coverage on Varex Imaging in a report on Wednesday, August 9th. They set a “buy” rating and a $34.00 price target for the company.
Varex Imaging (VREX) traded down 0.12% during trading on Wednesday, hitting $33.02. The stock had a trading volume of 248,489 shares. The company has a 50-day moving average of $30.08 and a 200-day moving average of $32.62. The stock has a market capitalization of $1.24 billion and a P/E ratio of 21.13. Varex Imaging has a 52 week low of $25.00 and a 52 week high of $36.58.
Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.07). The company had revenue of $170.00 million during the quarter, compared to the consensus estimate of $179.05 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts expect that Varex Imaging will post $1.59 earnings per share for the current fiscal year.
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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