Jefferies Financial Group Comments on Varex Imaging Co.’s Q2 2023 Earnings (NASDAQ:VREX)

Varex Imaging Co. (NASDAQ:VREXGet Rating) – Equities researchers at Jefferies Financial Group issued their Q2 2023 earnings per share estimates for shares of Varex Imaging in a research report issued on Tuesday, November 22nd. Jefferies Financial Group analyst Y. Li expects that the company will post earnings per share of $0.17 for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $24.00 target price on the stock. The consensus estimate for Varex Imaging’s current full-year earnings is $0.77 per share. Jefferies Financial Group also issued estimates for Varex Imaging’s Q3 2023 earnings at $0.19 EPS, Q4 2023 earnings at $0.28 EPS, FY2023 earnings at $0.72 EPS and FY2024 earnings at $0.88 EPS.

Separately, StockNews.com assumed coverage on Varex Imaging in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Varex Imaging Price Performance

Shares of VREX opened at $21.15 on Thursday. The firm has a market cap of $848.12 million, a price-to-earnings ratio of 28.97, a PEG ratio of 1.22 and a beta of 0.81. The stock has a 50 day moving average of $21.46 and a 200-day moving average of $21.66. The company has a current ratio of 3.52, a quick ratio of 1.77 and a debt-to-equity ratio of 0.75. Varex Imaging has a 52 week low of $18.90 and a 52 week high of $32.65.

Institutional Trading of Varex Imaging

Hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC lifted its holdings in shares of Varex Imaging by 100.8% in the 1st quarter. Ancora Advisors LLC now owns 1,265 shares of the company’s stock worth $26,000 after purchasing an additional 635 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Varex Imaging by 59.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,968 shares of the company’s stock worth $62,000 after purchasing an additional 730 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Varex Imaging in the 1st quarter worth approximately $46,000. KBC Group NV bought a new stake in Varex Imaging during the 2nd quarter valued at $71,000. Finally, US Bancorp DE raised its stake in Varex Imaging by 73.0% during the 2nd quarter. US Bancorp DE now owns 3,974 shares of the company’s stock valued at $85,000 after acquiring an additional 1,677 shares in the last quarter.

Varex Imaging Company Profile

(Get Rating)

Varex Imaging Corp. engages in the design, manufacture, and sale of imaging components. It operates through the Medical and Industrial segments. The Medical segment delivers and services x-ray imaging components, including X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, and three-dimensional reconstruction software.

See Also

Earnings History and Estimates for Varex Imaging (NASDAQ:VREX)

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.