Varex Imaging (VREX) Set to Announce Earnings on Tuesday

Varex Imaging (NASDAQ:VREX) will be posting its quarterly earnings results after the market closes on Tuesday, November 19th. Analysts expect Varex Imaging to post earnings of $0.09 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Varex Imaging Price Performance

Shares of NASDAQ VREX opened at $13.70 on Monday. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $560.33 million, a price-to-earnings ratio of 19.30 and a beta of 0.53. Varex Imaging has a twelve month low of $10.19 and a twelve month high of $21.50. The business has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $13.50.

Insider Buying and Selling

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 2,578 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.53, for a total value of $32,302.34. Following the sale, the senior vice president now directly owns 275 shares in the company, valued at approximately $3,445.75. This trade represents a 90.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They set a “buy” rating and a $21.00 target price for the company.

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.