Varex Imaging (NASDAQ:VREX) insider Kevin Bruce Yankton sold 862 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $37.00, for a total transaction of $31,894.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
VREX stock traded down $0.34 during trading on Wednesday, reaching $37.54. The company had a trading volume of 180,000 shares, compared to its average volume of 244,225. The stock has a market capitalization of $1.43 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.04 and a beta of 2.46. The company has a quick ratio of 1.46, a current ratio of 3.25 and a debt-to-equity ratio of 0.96. Varex Imaging has a twelve month low of $27.80 and a twelve month high of $43.76.
Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, May 3rd. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $201.20 million during the quarter, compared to analysts’ expectations of $187.33 million. Varex Imaging had a net margin of 6.43% and a return on equity of 16.74%. Varex Imaging’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. equities research analysts expect that Varex Imaging will post 1.85 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Varex Imaging by 3.8% in the 1st quarter. BlackRock Inc. now owns 5,069,312 shares of the company’s stock worth $181,380,000 after purchasing an additional 185,935 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Varex Imaging by 7.4% in the 1st quarter. Loomis Sayles & Co. L P now owns 678,829 shares of the company’s stock worth $24,288,000 after purchasing an additional 46,720 shares in the last quarter. Principal Financial Group Inc. raised its position in Varex Imaging by 16.6% during the 1st quarter. Principal Financial Group Inc. now owns 623,205 shares of the company’s stock worth $22,298,000 after buying an additional 88,628 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Varex Imaging by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 613,857 shares of the company’s stock worth $21,964,000 after buying an additional 79,189 shares during the last quarter. Finally, Northern Trust Corp raised its position in Varex Imaging by 0.9% during the 1st quarter. Northern Trust Corp now owns 509,636 shares of the company’s stock worth $18,235,000 after buying an additional 4,320 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.
A number of analysts have recently weighed in on VREX shares. Zacks Investment Research upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Wednesday, May 9th. Sidoti initiated coverage on shares of Varex Imaging in a report on Thursday, April 19th. They issued a “neutral” rating on the stock.
Varex Imaging Company Profile
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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