VAREX IMAGING (NASDAQ:VREX) Posts Quarterly Earnings Results

Key Points

• Varex Imaging reported earnings of $0.18 per share, significantly surpassing analysts' expectations of $0.04, with revenue reaching $203 million for the quarter.
• Following the earnings announcement, Varex Imaging's stock price increased by 21.4%, trading at $9.48 with a notable trading volume.
• Analysts have adjusted their ratings, with B. Riley raising the price target from $12.00 to $16.00, while Wall Street Zen downgraded the stock from a "strong-buy" to a "buy" rating.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14, Zacks reports. The business had revenue of $203.00 million for the quarter, compared to analysts' expectations of $190.32 million. VAREX IMAGING had a positive return on equity of 5.54% and a negative net margin of 16.13%. VAREX IMAGING updated its Q4 2025 guidance to 0.100-0.300 EPS.

VAREX IMAGING Stock Up 0.8%

VAREX IMAGING stock traded up $0.09 during midday trading on Thursday, reaching $10.78. The company's stock had a trading volume of 497,094 shares, compared to its average volume of 529,995. VAREX IMAGING has a fifty-two week low of $6.76 and a fifty-two week high of $16.93. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78. The company has a market cap of $447.37 million, a P/E ratio of -3.36 and a beta of 0.68. The business has a 50-day simple moving average of $8.23 and a 200-day simple moving average of $9.66.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VREX shares. Wall Street Zen cut VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. B. Riley restated a "buy" rating and issued a $16.00 price target (up from $12.00) on shares of VAREX IMAGING in a research note on Friday, August 8th.

Institutional Trading of VAREX IMAGING

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in VAREX IMAGING in the second quarter valued at $1,946,000. Jane Street Group LLC grew its holdings in shares of VAREX IMAGING by 17.9% during the first quarter. Jane Street Group LLC now owns 159,362 shares of the company's stock worth $1,849,000 after purchasing an additional 24,160 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of VAREX IMAGING by 435.0% during the second quarter. Squarepoint Ops LLC now owns 184,236 shares of the company's stock worth $1,597,000 after purchasing an additional 149,802 shares during the last quarter. Jump Financial LLC grew its holdings in shares of VAREX IMAGING by 180.5% during the second quarter. Jump Financial LLC now owns 151,032 shares of the company's stock worth $1,309,000 after purchasing an additional 97,184 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of VAREX IMAGING by 45.8% during the second quarter. Sei Investments Co. now owns 90,754 shares of the company's stock worth $787,000 after purchasing an additional 28,496 shares during the last quarter.

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.