Varex Imaging (VREX) Research Coverage Started at Sidoti

Sidoti assumed coverage on shares of Varex Imaging (NASDAQ:VREX) in a report issued on Thursday, The Fly reports. The firm issued a neutral rating on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase upgraded Varex Imaging from an underweight rating to a neutral rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Varex Imaging from a sell rating to a hold rating in a research report on Saturday, April 7th.

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VREX opened at $36.62 on Thursday. The stock has a market capitalization of $1,412.15, a P/E ratio of 22.53, a P/E/G ratio of 2.01 and a beta of 2.47. Varex Imaging has a 12 month low of $27.80 and a 12 month high of $43.76. The company has a quick ratio of 1.60, a current ratio of 3.25 and a debt-to-equity ratio of 1.09.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.17). The company had revenue of $176.20 million during the quarter, compared to analysts’ expectations of $194.00 million. Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. analysts anticipate that Varex Imaging will post 1.87 earnings per share for the current year.

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $37.68, for a total transaction of $75,360.00. Following the completion of the transaction, the senior vice president now owns 916 shares in the company, valued at $34,514.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in VREX. Cooke & Bieler LP boosted its position in shares of Varex Imaging by 366.8% during the fourth quarter. Cooke & Bieler LP now owns 375,151 shares of the company’s stock valued at $15,070,000 after buying an additional 294,777 shares during the period. APG Asset Management N.V. boosted its position in shares of Varex Imaging by 324.1% during the fourth quarter. APG Asset Management N.V. now owns 335,024 shares of the company’s stock valued at $11,207,000 after buying an additional 256,024 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Varex Imaging by 92.4% during the third quarter. Dimensional Fund Advisors LP now owns 514,898 shares of the company’s stock valued at $17,424,000 after buying an additional 247,229 shares during the period. Renaissance Technologies LLC boosted its position in shares of Varex Imaging by 123.1% during the fourth quarter. Renaissance Technologies LLC now owns 431,500 shares of the company’s stock valued at $17,333,000 after buying an additional 238,100 shares during the period. Finally, Earnest Partners LLC purchased a new position in shares of Varex Imaging during the fourth quarter valued at approximately $7,832,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

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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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