Varex Imaging (VREX) Set to Announce Quarterly 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. Investors that wish to listen to the company’s conference call can do so using this link.

Varex Imaging Trading Up 0.3 %

Shares of Varex Imaging stock opened at $13.70 on Friday. The firm has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $13.52. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34. Varex Imaging has a fifty-two week low of $10.19 and a fifty-two week high of $21.50. The company has a market cap of $560.33 million, a P/E ratio of 19.30 and a beta of 0.53.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the sale, the senior vice president now directly owns 275 shares in the company, valued at $3,445.75. This represents a 90.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is currently owned by company insiders.

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.