Varex Imaging (NASDAQ:VREX) – Analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Varex Imaging in a research report issued to clients and investors on Thursday. Jefferies Group analyst A. Petrone anticipates that the company will earn $0.41 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $39.00 target price on the stock. Jefferies Group also issued estimates for Varex Imaging’s Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.55 EPS and FY2022 earnings at $2.93 EPS.
Several other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Varex Imaging from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. J P Morgan Chase & Co cut Varex Imaging from a “neutral” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Wednesday, October 4th.
Varex Imaging (NASDAQ VREX) opened at $34.68 on Monday. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $36.58. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.26 and a quick ratio of 1.72.
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, beating analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $216.00 million for the quarter, compared to the consensus estimate of $213.73 million. The company’s revenue for the quarter was up 25.5% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of VREX. American International Group Inc. lifted its stake in shares of Varex Imaging by 5.8% in the 3rd quarter. American International Group Inc. now owns 29,823 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,624 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Varex Imaging by 2.5% in the 3rd quarter. Rhumbline Advisers now owns 76,119 shares of the company’s stock valued at $2,576,000 after acquiring an additional 1,860 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Varex Imaging by 9.2% in the 3rd quarter. SG Americas Securities LLC now owns 34,304 shares of the company’s stock valued at $1,161,000 after acquiring an additional 2,876 shares during the last quarter. Security National Trust Co. bought a new stake in shares of Varex Imaging in the 2nd quarter valued at about $108,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Varex Imaging in the 2nd quarter valued at about $112,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.
Varex Imaging Company Profile
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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