B. Riley Issues Positive Forecast for VAREX IMAGING Earnings

Key Points

• B. Riley has increased its Q4 2026 earnings per share estimate for Varex Imaging from $0.24 to $0.27, while maintaining a "Buy" rating and a price target of $16.00.
• Varex Imaging recently reported earnings of $0.18 per share, significantly exceeding the consensus estimate of $0.04 and has a positive return on equity of 5.54%.
• Several institutional investors, including Russell Investments Group, have significantly increased their stakes in Varex Imaging during the fourth quarter, showcasing strong institutional interest.

VAREX IMAGING (NASDAQ:VREX - Free Report) - Equities researchers at B. Riley increased their Q4 2026 earnings per share estimates for VAREX IMAGING in a research report issued on Friday, August 8th. B. Riley analyst A. Schock now anticipates that the company will post earnings of $0.27 per share for the quarter, up from their prior estimate of $0.24. B. Riley has a "Buy" rating and a $16.00 price objective on the stock. The consensus estimate for VAREX IMAGING's current full-year earnings is $0.53 per share.

Separately, Wall Street Zen cut VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

VAREX IMAGING Stock Up 0.8%

VAREX IMAGING stock traded up $0.09 during mid-day trading on Monday, reaching $10.87. The stock had a trading volume of 69,194 shares, compared to its average volume of 475,415. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 3.51. VAREX IMAGING has a fifty-two week low of $6.76 and a fifty-two week high of $16.93. The stock's 50-day simple moving average is $8.23 and its 200-day simple moving average is $9.66. The firm has a market capitalization of $451.11 million, a PE ratio of -3.39 and a beta of 0.68.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.14. The business had revenue of $203.00 million during the quarter, compared to the consensus estimate of $190.32 million. VAREX IMAGING had a positive return on equity of 5.54% and a negative net margin of 16.13%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC purchased a new position in shares of VAREX IMAGING during the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new position in VAREX IMAGING in the fourth quarter worth $48,000. Quarry LP purchased a new position in VAREX IMAGING in the first quarter worth $63,000. Cerity Partners LLC purchased a new position in VAREX IMAGING in the fourth quarter worth $147,000. Finally, ProShare Advisors LLC purchased a new position in VAREX IMAGING in the fourth quarter worth $159,000.

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.