Varex Imaging (NASDAQ:VREX – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
Separately, TheStreet cut shares of Varex Imaging from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th.
Check Out Our Latest Report on VREX
Varex Imaging Trading Up 0.3 %
Varex Imaging (NASDAQ:VREX – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The business had revenue of $206.20 million during the quarter, compared to the consensus estimate of $205.15 million. Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. Research analysts forecast that Varex Imaging will post 0.99 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Varex Imaging
Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new stake in Varex Imaging during the 4th quarter valued at approximately $20,481,000. Pzena Investment Management LLC raised its holdings in shares of Varex Imaging by 68.7% in the first quarter. Pzena Investment Management LLC now owns 1,815,759 shares of the company’s stock worth $32,865,000 after buying an additional 739,224 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Varex Imaging during the third quarter worth $5,098,000. Knights of Columbus Asset Advisors LLC lifted its holdings in Varex Imaging by 99.1% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 338,876 shares of the company’s stock valued at $6,947,000 after buying an additional 168,644 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Varex Imaging by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,519,686 shares of the company’s stock valued at $51,654,000 after acquiring an additional 145,968 shares in the last quarter.
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.
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