Varex Imaging (NASDAQ:VREX – Get Rating) posted its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.16, Fidelity Earnings reports. Varex Imaging had a return on equity of 10.32% and a net margin of 3.03%. During the same period in the previous year, the business earned $0.40 earnings per share. Varex Imaging updated its Q4 2022 guidance to $0.25-$0.45 EPS and its Q4 guidance to $0.25 to $0.45 EPS.
Varex Imaging Stock Performance
Shares of VREX traded down $0.45 during mid-day trading on Thursday, hitting $21.43. The company’s stock had a trading volume of 395,274 shares, compared to its average volume of 350,577. Varex Imaging has a one year low of $18.90 and a one year high of $32.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.80 and a current ratio of 3.41. The firm has a market capitalization of $852.91 million, a PE ratio of 35.13, a price-to-earnings-growth ratio of 6.68 and a beta of 0.88. The stock’s 50-day moving average is $21.68 and its two-hundred day moving average is $22.56.
In related news, Director Ruediger Naumann-Etienne sold 5,207 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $22.62, for a total value of $117,782.34. Following the completion of the transaction, the director now directly owns 26,375 shares of the company’s stock, valued at $596,602.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
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, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys.
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