Varex Imaging (NASDAQ:VREX) Rating Increased to Strong-Buy at B. Riley

Varex Imaging (NASDAQ:VREX - Get Free Report) was upgraded by equities researchers at B. Riley to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports. B. Riley also issued estimates for Varex Imaging's Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.41 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.24 EPS and FY2026 earnings at $0.52 EPS.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded Varex Imaging from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Oppenheimer reduced their target price on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, February 7th.

Varex Imaging Stock Down 0.1%

Shares of Varex Imaging stock traded down $0.01 on Monday, hitting $7.88. 429,526 shares of the company's stock traded hands, compared to its average volume of 578,112. The stock has a market cap of $324.66 million, a P/E ratio of -6.73 and a beta of 0.62. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. The firm's 50-day moving average is $9.36 and its 200 day moving average is $12.52. Varex Imaging has a 52-week low of $6.76 and a 52-week high of $16.93.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $212.90 million for the quarter, compared to analysts' expectations of $206.76 million. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. Equities analysts anticipate that Varex Imaging will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of Varex Imaging stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total value of $98,338.76. Following the transaction, the chief executive officer now directly owns 190,193 shares of the company's stock, valued at $2,137,769.32. The trade was a 4.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total value of $51,329.67. Following the sale, the senior vice president now owns 4,002 shares in the company, valued at approximately $51,265.62. This represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.30% of the company's stock.

Institutional Trading of Varex Imaging

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nuveen Asset Management LLC grew its position in Varex Imaging by 0.5% in the fourth quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company's stock valued at $2,354,000 after acquiring an additional 791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Varex Imaging by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,072 shares of the company's stock worth $322,000 after purchasing an additional 864 shares in the last quarter. Barclays PLC lifted its stake in shares of Varex Imaging by 1.1% during the fourth quarter. Barclays PLC now owns 98,964 shares of the company's stock valued at $1,444,000 after acquiring an additional 1,081 shares during the period. Isthmus Partners LLC lifted its stake in shares of Varex Imaging by 0.8% during the fourth quarter. Isthmus Partners LLC now owns 149,874 shares of the company's stock valued at $2,187,000 after acquiring an additional 1,260 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Varex Imaging by 115.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock valued at $41,000 after purchasing an additional 1,520 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.