Varex Imaging (NASDAQ:VREX) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Varex Imaging (NASDAQ:VREX) released its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. Varex Imaging had a return on equity of 8.34% and a net margin of 4.90%. The business had revenue of $206.20 million during the quarter, compared to the consensus estimate of $205.15 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Varex Imaging’s quarterly revenue was down 9.6% compared to the same quarter last year. Varex Imaging updated its Q3 guidance to $0.05 to $0.25 EPS.

Varex Imaging Price Performance

NASDAQ VREX opened at $15.59 on Friday. The stock has a 50-day moving average of $17.32 and a 200 day moving average of $18.49. The company has a market capitalization of $632.95 million, a price-to-earnings ratio of 17.52, a PEG ratio of 2.25 and a beta of 0.72. Varex Imaging has a one year low of $14.56 and a one year high of $23.90. 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 Ratings Changes

Separately, TheStreet downgraded Varex Imaging from a “b-” rating to a “c” rating in a report on Tuesday, February 6th.

About Varex Imaging

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.