Varex Imaging (VREX) Set to Announce Earnings on Tuesday

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

Varex Imaging Price Performance

Varex Imaging stock opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.34 and a quick ratio of 1.89. The business has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $13.50. Varex Imaging has a 12 month low of $10.19 and a 12 month high of $21.50. The stock has a market capitalization of $560.33 million, a PE ratio of 19.30 and a beta of 0.53.

Insider Activity at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $3,445.75. The trade was a 90.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, B. Riley began coverage on Varex Imaging in a research report on Friday, August 23rd. They issued a “buy” rating and a $21.00 price objective 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.