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Varex Imaging (VREX) Stock Forecast, Price & News

$18.79
-0.13 (-0.69%)
(As of 09/29/2023 ET)
Compare
Today's Range
$18.63
$19.00
50-Day Range
$18.30
$23.29
52-Week Range
$17.11
$23.90
Volume
234,042 shs
Average Volume
327,725 shs
Market Capitalization
$759.12 million
P/E Ratio
26.47
Dividend Yield
N/A
Price Target
$33.00

Varex Imaging MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
75.6% Upside
$33.00 Price Target
Short Interest
Bearish
10.77% 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.

2.40 out of 5 stars

Medical Sector

199th out of 972 stocks

Electronic Components, Not Elsewhere Classified Industry

3rd out of 7 stocks


VREX stock logo

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

VREX Stock News Headlines

Varex to Present at the Sidoti Small Cap Virtual Conference
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Q3 2023 Varex Imaging Corp Earnings Call
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Varex Imaging (NASDAQ: VREX)
Q2 2023 Varex Imaging Corp Earnings Call
See More Headlines
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VREX Company Calendar

Last Earnings
8/01/2023
Today
9/29/2023
Fiscal Year End
9/30/2023
Next Earnings (Estimated)
11/21/2023

Industry, Sector and Symbol

Industry
Electronic components, not elsewhere classified
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:VREX
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
+75.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$30.30 million
Pretax Margin
4.95%

Debt

Sales & Book Value

Annual Sales
$859.40 million
Cash Flow
$1.90 per share
Book Value
$13.74 per share

Miscellaneous

Free Float
38,703,000
Market Cap
$759.12 million
Optionable
Optionable
Beta
0.82
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Key Executives

  • Mr. Sunny S. SanyalMr. 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













VREX Stock - Frequently Asked Questions

Should I buy or sell Varex Imaging stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Varex Imaging in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12 month target prices for Varex Imaging's stock. Their VREX share price forecasts range from $24.00 to $42.00. On average, they anticipate the company's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 75.6% 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 on January 1st, 2023. Since then, VREX stock has decreased by 7.4% and is now trading at $18.79.
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 results on Tuesday, August, 1st. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $232.20 million for the quarter, compared to the consensus estimate of $228.57 million. Varex Imaging had a trailing twelve-month return on equity of 8.24% and a net margin of 3.28%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $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 (EPS) guidance of $0.20-$0.40 for the period, compared to the consensus EPS 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."

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 $18.79.

How much money does Varex Imaging make?

Varex Imaging (NASDAQ:VREX) has a market capitalization of $759.12 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 9/29/2023 by MarketBeat.com Staff

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