NASDAQ:VREX

Varex Imaging (VREX) Stock Forecast, Price & News

$18.54

+0.24 (+1.31%)

(As of 09/21/2023 ET)

Compare

Today's Range: $18.18
▼
$18.60
50-Day Range: $18.30
▼
$23.29
52-Week Range: $17.11
▼
$23.90

Volume: 205,389 shs
Average Volume: 342,328 shs
Market Capitalization: $749.02 million

P/E Ratio: 26.11
Dividend Yield: N/A
Price Target: $33.00

Varex Imaging MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 78.0% Upside
$33.00 Price Target
Short Interest: Bearish
9.50% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.71
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 13.56%
From $1.18 to $1.34 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Medical Sector

209th out of 965 stocks

Electronic Components, Not Elsewhere Classified Industry

3rd out of 7 stocks

3.3

Analyst's Opinion

Consensus Rating
Varex Imaging has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, Varex Imaging has a forecasted upside of 78.0% from its current price of $18.54.
Amount of Analyst Coverage
Varex Imaging has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
9.50% of the outstanding shares of Varex Imaging have been sold short.
Short Interest Ratio / Days to Cover
Varex Imaging has a short interest ratio ("days to cover") of 12.1, which indicates bearish sentiment.
Change versus previous month
Short interest in Varex Imaging has recently decreased by 1.29%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Varex Imaging does not currently pay a dividend.
Dividend Growth
Varex Imaging does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Varex Imaging has received a 41.66% net impact score from Upright. Varex Imaging seems to create the most significant positive value in categories "Taxes", "Physical diseases", and "Creating knowledge". The positive contribution in the "Physical diseases" impact category is driven by its "X-ray imaging software", "X-ray tubes", and "X-ray detectors" products. See details.
Environmental Sustainability
The Environmental Impact score for Varex Imaging is -1.71.

2.6

News and Social Media Coverage

News Sentiment
Varex Imaging has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Varex Imaging this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Varex Imaging to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Varex Imaging insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Varex Imaging is held by insiders.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Varex Imaging are expected to grow by 13.56% in the coming year, from $1.18 to $1.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Varex Imaging is 26.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Varex Imaging is 26.11, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 114.79.
Price to Earnings Growth Ratio
Varex Imaging has a PEG Ratio of 0.53. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Varex Imaging has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Varex Imaging (NASDAQ:VREX) Stock

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, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. The company sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. It has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was incorporated in 2016 and is headquartered in Salt Lake City, Utah.

VREX Price History

30 days | 90 days | 365 days | Advanced Chart

VREX Stock News Headlines

September 16, 2023 | seekingalpha.com

Varex Imaging: Record Q2 Sales Don't Change The Economic Headwinds, Or The Thesis

September 11, 2023 | finance.yahoo.com

Varex to Present at the Sidoti Small Cap Virtual Conference

September 22, 2023 | Edge On The Street (Ad)

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September 4, 2023 | finance.yahoo.com

Return Trends At Varex Imaging (NASDAQ:VREX) Aren't Appealing

August 2, 2023 | msn.com

Oppenheimer Reiterates Varex Imaging (VREX) Outperform Recommendation

August 2, 2023 | finance.yahoo.com

Q3 2023 Varex Imaging Corp Earnings Call

August 1, 2023 | finance.yahoo.com

Varex Announces Financial Results for Third Quarter Fiscal Year 2023

July 18, 2023 | finance.yahoo.com

Varex Schedules Third Quarter Fiscal Year 2023 Earnings Release and Conference Call

September 22, 2023 | Edge On The Street (Ad)

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July 13, 2023 | finance.yahoo.com

Zacks.com featured highlights include Magna International, Paramount Group, Unum Group, StoneCo and Varex Imaging

June 23, 2023 | seekingalpha.com

Varex Imaging: Capital Productivity A Mitigating Factor, Despite Recent Rally

June 15, 2023 | fool.com

Varex Imaging (NASDAQ: VREX)

June 8, 2023 | finance.yahoo.com

VREX vs. HAE: Which Stock Is the Better Value Option?

June 5, 2023 | finance.yahoo.com

Varex to Present at the Jefferies Healthcare Conference

May 24, 2023 | msn.com

Jefferies Maintains Varex Imaging (VREX) Hold Recommendation

May 10, 2023 | finance.yahoo.com

Varex Imaging Corporation's (NASDAQ:VREX) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

May 9, 2023 | finance.yahoo.com

Here's Why VAREX IMAGING (VREX) is a Great Momentum Stock to Buy

May 5, 2023 | finance.yahoo.com

VAREX IMAGING (VREX) Upgraded to Strong Buy: Here's What You Should Know

May 3, 2023 | finance.yahoo.com

Varex Launches XRD 3131N X-Ray Detector for High Throughput Electric Vehicle Battery Inspection

May 3, 2023 | finance.yahoo.com

Q2 2023 Varex Imaging Corp Earnings Call

May 2, 2023 | finance.yahoo.com

VAREX IMAGING (VREX) Q2 Earnings and Revenues Beat Estimates

May 2, 2023 | seekingalpha.com

Varex Imaging Corporation (VREX) Q2 2023 Earnings Conference Call Transcript

May 2, 2023 | finance.yahoo.com

Varex Announces Strong Financial Results for Second Quarter Fiscal Year 2023

April 17, 2023 | finance.yahoo.com

Varex Schedules Second Quarter Fiscal Year 2023 Earnings Release and Conference Call

April 13, 2023 | finance.yahoo.com

Varex Imaging Corporation (NASDAQ:VREX) Shares Could Be 26% Below Their Intrinsic Value Estimate

March 29, 2023 | msn.com

All You Need to Know About VAREX IMAGING (VREX) Rating Upgrade to Buy

March 27, 2023 | finance.yahoo.com

Varex Imaging (NASDAQ:VREX) Hasn't Managed To Accelerate Its Returns

See More Headlines

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VREX Company Calendar

Last Earnings: 8/01/2023
Today: 9/21/2023
Fiscal Year End: 9/30/2023
Next Earnings (Estimated): 11/21/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electronic components, not elsewhere classified
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:VREX
CUSIP: N/A
CIK: 1681622
Web: www.vareximaging.com
Phone: (801) 972-5000
Fax: N/A
Employees: 2,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $33.00
High Stock Price Forecast: $42.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: +78.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.71
Trailing P/E Ratio: 26.11
Forward P/E Ratio: 15.71
P/E Growth: 0.54
Net Income: $30.30 million
Net Margins: 3.28%
Pretax Margin: 4.95%
Return on Equity: 8.24%
Return on Assets: 3.72%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 4.03
Quick Ratio: 2.15

Sales & Book Value

Annual Sales: $859.40 million
Price / Sales: 0.87
Cash Flow: $1.87 per share
Price / Cash Flow: 9.91
Book Value: $13.74 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 40,400,000
Free Float: 38,703,000
Market Cap: $749.02 million
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Sunny S. Sanyal (Age 59)
Pres, CEO & Director
Comp: $1.48M

Mr. Shubham Maheshwari (Age 51)
CFO & Principal Accounting Officer
Comp: $877.85k

Ms. Kimberley E. Honeysett (Age 51)
Chief Legal Officer, Gen. Counsel & Corp. Sec.
Comp: $648.74k

Mr. Andrew J. Hartmann (Age 60)
Sr. VP & GM of X-ray Detectors
Comp: $600.08k

Mr. Christopher John Belfiore
Director of Investor Relations

David Carmona
VP of Medical Global Sales & Marketing

Karen Aranki
Chief HR Officer

Mr. Mark S. Jonaitis (Age 61)
Sr. VP & GM of X-Ray Sources

Mr. Shaohua Liang
VP & MD for China

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VREX Stock - Frequently Asked Questions

Should I buy or sell Varex Imaging stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Varex Imaging in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VREX shares.
View VREX analyst ratings or view top-rated stocks.
What is Varex Imaging's stock price forecast for 2023?: 2 equities research analysts have issued 1-year target prices for Varex Imaging's shares. Their VREX share price forecasts range from $24.00 to $42.00. On average, they predict the company's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 78.0% from the stock's current price.
View analysts price targets for VREX or view top-rated stocks among Wall Street analysts.
How have VREX shares performed in 2023?: Varex Imaging's stock was trading at $20.30 at the beginning of the year. Since then, VREX shares have decreased by 8.7% and is now trading at $18.54.
View the best growth stocks for 2023 here.
When is Varex Imaging's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
View our VREX earnings forecast.
How were Varex Imaging's earnings last quarter?: Varex Imaging Co. (NASDAQ:VREX) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $232.20 million for the quarter, compared to analysts' expectations of $228.57 million. Varex Imaging had a net margin of 3.28% and a trailing twelve-month return on equity of 8.24%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS.
What ETFs hold Varex Imaging's stock?: ETFs with the largest weight of Varex Imaging (NASDAQ:VREX) stock in their portfolio include SPDR Kensho Future Security ETF (FITE) and Invesco S&P SmallCap Health Care ETF (PSCH).iShares U.S. Medical Devices ETF (IHI).
What guidance has Varex Imaging issued on next quarter's earnings?: Varex Imaging updated its fourth quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.20-$0.40 for the period, compared to the consensus estimate of $0.38. The company issued revenue guidance of $220.00 million-$240.00 million, compared to the consensus revenue estimate of $235.77 million.

What other stocks do shareholders of Varex Imaging own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Varex Imaging investors own include Gilead Sciences (GILD), Pfizer (PFE), Varian Medical Systems (VAR), Verizon Communications (VZ), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Bausch Health Companies (BHC), Bank of America (BAC) and International Business Machines (IBM).
What is Varex Imaging's stock symbol?: Varex Imaging trades on the NASDAQ under the ticker symbol "VREX."
Who are Varex Imaging's major shareholders?: Varex Imaging's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.56%), Allspring Global Investments Holdings LLC (7.25%), Shapiro Capital Management LLC (6.60%), Dimensional Fund Advisors LP (5.68%), State Street Corp (4.82%) and Cooke & Bieler LP (4.51%). Insiders that own company stock include Jay K Kunkel, Kimberley E Honeysett, Ruediger Naumann-Etienne and Sunny Sanyal.
View institutional ownership trends.
How do I buy shares of Varex Imaging?: Shares of VREX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Varex Imaging's stock price today?: One share of VREX stock can currently be purchased for approximately $18.54.
How much money does Varex Imaging make?: Varex Imaging (NASDAQ:VREX) has a market capitalization of $749.02 million and generates $859.40 million in revenue each year. The company earns $30.30 million in net income (profit) each year or $0.71 on an earnings per share basis.
How many employees does Varex Imaging have?: The company employs 2,300 workers across the globe.
How can I contact Varex Imaging?: Varex Imaging's mailing address is 1678 SOUTH PIONEER ROAD, SALT LAKE CITY UT, 84104. The official website for the company is www.vareximaging.com. The company can be reached via phone at (801) 972-5000 or via email at howard.goldman@vareximaging.com.

This page (NASDAQ:VREX) was last updated on 9/22/2023 by MarketBeat.com Staff

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