Positive News Sentiment NASDAQ:VREX Varex Imaging - VREX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Varex Imaging Co. Please log in to your account or sign up in order to add this asset to your watchlist. $18.06 +0.12 (+0.67%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$17.99▼$18.2650-Day Range$17.32▼$21.4952-Week Range$17.22▼$23.78Volume174,735 shsAverage Volume328,259 shsMarket Capitalization$724.21 millionP/E Ratio23.15Dividend YieldN/APrice Target$24.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Varex Imaging MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside32.9% Upside$24.00 Price TargetShort InterestBearish8.43% of Shares Sold ShortDividend StrengthN/ASustainability-1.10Upright™ Environmental ScoreNews Sentiment1.87Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth26.03%From $0.73 to $0.92 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.70 out of 5 starsMedical Sector129th out of 995 stocksElectronic Components, Not Elsewhere Classified Industry3rd out of 7 stocks 3.0 Analyst's Opinion Consensus RatingVarex Imaging has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.00, Varex Imaging has a forecasted upside of 32.9% from its current price of $18.06.Amount of Analyst CoverageVarex Imaging has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.43% of the outstanding shares of Varex Imaging have been sold short.Short Interest Ratio / Days to CoverVarex Imaging has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.Change versus previous monthShort interest in Varex Imaging has recently decreased by 5.32%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldVarex Imaging does not currently pay a dividend.Dividend GrowthVarex Imaging does not have a long track record of dividend growth. Previous Next 4.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreVarex Imaging has received a 55.45% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is driven by its "X-ray imaging software", "X-ray tubes", and "X-ray detectors" products. See details.Environmental SustainabilityThe Environmental Impact score for Varex Imaging is -1.10. Previous Next 3.3 News and Social Media Coverage News SentimentVarex Imaging has a news sentiment score of 1.87. 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 0.66 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Varex Imaging this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for VREX on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Varex Imaging insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.20% of the stock of Varex Imaging is held by insiders. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Varex Imaging are expected to grow by 26.03% in the coming year, from $0.73 to $0.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Varex Imaging is 23.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Varex Imaging is 23.15, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 101.62.Price to Earnings Growth RatioVarex Imaging has a PEG Ratio of 0.71. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioVarex Imaging has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Varex Imaging (NASDAQ:VREX) StockVarex Imaging Corp. engages in the design, manufacture, and sale of imaging components. It operates through the Medical and Industrial segments. The Medical segment delivers and services x-ray imaging components, including X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, and three-dimensional reconstruction software. The Industrial segment offers x-ray imaging products for use in security, and nondestructive testing and inspection applications. The company was founded in July 2016 and is headquartered in Salt Lake City, UT.Read More Receive VREX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Varex Imaging and its competitors with MarketBeat's FREE daily newsletter. Email Address VREX Stock News HeadlinesMarch 27, 2023 | finance.yahoo.comVarex Imaging (NASDAQ:VREX) Hasn't Managed To Accelerate Its ReturnsMarch 3, 2023 | finance.yahoo.comVarex to Present at Two Virtual Investor ConferenceMarch 27, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. February 3, 2023 | finance.yahoo.comShareholders May Find It Hard To Justify Increasing Varex Imaging Corporation's (NASDAQ:VREX) CEO Compensation For NowFebruary 1, 2023 | finance.yahoo.comVarex Imaging Corporation (NASDAQ:VREX) Q1 2023 Earnings Call TranscriptFebruary 1, 2023 | benzinga.comVarex Imaging Earnings Perspective: Return On Capital EmployedJanuary 31, 2023 | seekingalpha.comVarex Imaging Corporation (VREX) Q1 2023 Earnings Call TranscriptJanuary 31, 2023 | msn.comVarex Imaging Non-GAAP EPS of $0.21 beats by $0.02, revenue of $206M beats by $0.32MMarch 27, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. January 31, 2023 | finance.yahoo.comVarex Announces Financial Results for First Quarter Fiscal Year 2023January 27, 2023 | finance.yahoo.comAre Investors Undervaluing VAREX IMAGING (VREX) Right Now?January 21, 2023 | msn.comImplied Volatility Surging for Varex Imaging (VREX) Stock OptionsJanuary 17, 2023 | finance.yahoo.comThe past five years for Varex Imaging (NASDAQ:VREX) investors has not been profitableJanuary 17, 2023 | finance.yahoo.comVarex Schedules First Quarter Fiscal Year 2023 Earnings Release and Conference CallDecember 28, 2022 | finance.yahoo.comVarex to Present at CJS Securities 23rd Annual New Ideas for the New Year Virtual Investor ConferenceDecember 28, 2022 | finance.yahoo.comVarex Imaging Corporation (NASDAQ:VREX) Q4 2022 Earnings Call TranscriptDecember 16, 2022 | finance.yahoo.com13 Best Medical Device Stocks To Buy NowDecember 1, 2022 | finance.yahoo.comIs Varex Imaging Corporation's (NASDAQ:VREX) Recent Price Movement Underpinned By Its Weak Fundamentals?November 17, 2022 | finance.yahoo.comVarex Imaging Full Year 2022 Earnings: EPS Misses ExpectationsNovember 15, 2022 | finance.yahoo.comVAREX IMAGING (VREX) Surpasses Q4 Earnings and Revenue EstimatesNovember 15, 2022 | seekingalpha.comVarex Imaging Corporation (VREX) Q4 2022 Earnings Call TranscriptNovember 15, 2022 | finance.yahoo.comVarex Announces Financial Results for Fourth Quarter and Fiscal Year 2022November 10, 2022 | benzinga.comBoard Member At This Health Care Company Sells $108K of StockNovember 10, 2022 | benzinga.comMassive Insider Trade At Varex ImagingNovember 4, 2022 | finance.yahoo.comVarex Imaging Corporation's (NASDAQ:VREX) Intrinsic Value Is Potentially 90% Above Its Share PriceOctober 25, 2022 | finance.yahoo.comVarex Schedules Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference CallOctober 18, 2022 | finance.yahoo.comReturns On Capital At Varex Imaging (NASDAQ:VREX) Have StalledSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive VREX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Varex Imaging and its competitors with MarketBeat's FREE daily newsletter. Email Address VREX Company Calendar Last Earnings1/31/2023Today3/27/2023Next Earnings (Estimated)5/02/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electronic components, not elsewhere classified Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:VREX CUSIPN/A CIK1681622 Webwww.vareximaging.com Phone(801) 972-5000FaxN/AEmployees2,300Year FoundedN/APrice Target and Rating Average Stock Price Forecast$24.00 High Stock Price Forecast$24.00 Low Stock Price Forecast$24.00 Forecasted Upside/Downside+32.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.78 Trailing P/E Ratio23.15 Forward P/E Ratio24.74 P/E Growth0.71Net Income$30.30 million Net Margins3.69% Pretax Margin5.38% Return on Equity7.47% Return on Assets3.38% Debt Debt-to-Equity Ratio0.84 Current Ratio3.86 Quick Ratio1.82 Sales & Book Value Annual Sales$859.40 million Price / Sales0.84 Cash Flow$1.89 per share Price / Cash Flow9.55 Book Value$13.74 per share Price / Book1.31Miscellaneous Outstanding Shares40,100,000Free Float38,416,000Market Cap$724.21 million OptionableOptionable Beta0.77 Key ExecutivesSunny S. SanyalPresident, Chief Executive Officer & DirectorSam MaheshwariChief Financial & Accounting OfficerVictor GarciaVice President-Regulatory & Quality ComplianceKimberley E. HoneysettSecretary, Chief Legal Officer & Senior VPMark S. JonaitisSenior VP & General Manager-X-Ray SourcesKey CompetitorsPureTech HealthNASDAQ:PRTCIGM BiosciencesNASDAQ:IGMSANI PharmaceuticalsNASDAQ:ANIPCalliditas Therapeutics AB (publ)NASDAQ:CALTEnhabitNYSE:EHABView All CompetitorsInsiders & InstitutionsVoya Investment Management LLCSold 13,042 shares on 2/28/2023Ownership: 0.070%Teachers Retirement System of The State of KentuckyBought 2,867 shares on 2/22/2023Ownership: 0.031%Alliancebernstein L.P.Bought 52,864 shares on 2/16/2023Ownership: 0.266%Legal & General Group PlcBought 2,215 shares on 2/15/2023Ownership: 0.290%Captrust Financial AdvisorsBought 14,792 shares on 2/15/2023Ownership: 0.037%View All Insider TransactionsView All Institutional Transactions VREX Stock - Frequently Asked Questions Should I buy or sell Varex Imaging stock right now? 1 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VREX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VREX, but not buy additional shares or sell existing shares. View VREX analyst ratings or view top-rated stocks. What is Varex Imaging's stock price forecast for 2023? 1 brokerages have issued 1-year target prices for Varex Imaging's shares. Their VREX share price forecasts range from $24.00 to $24.00. On average, they expect the company's share price to reach $24.00 in the next year. This suggests a possible upside of 32.9% 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 start of the year. Since then, VREX stock has decreased by 11.0% and is now trading at $18.06. 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, May 2nd 2023. View our VREX earnings forecast. How were Varex Imaging's earnings last quarter? Varex Imaging Co. (NASDAQ:VREX) posted its earnings results on Tuesday, January, 31st. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.11 by $0.03. The firm earned $205.60 million during the quarter, compared to analyst estimates of $205.35 million. Varex Imaging had a net margin of 3.69% and a trailing twelve-month return on equity of 7.47%. 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), SPDR S&P Health Care Equipment ETF (XHE), Invesco S&P SmallCap Health Care ETF (PSCH), Invesco Nasdaq Future Gen 200 ETF (QQQS), Royce Quant Small-Cap Quality Value ETF (SQLV), SPDR S&P Kensho New Economies Composite ETF (KOMP).iShares U.S. Medical Devices ETF (IHI) and What guidance has Varex Imaging issued on next quarter's earnings? Varex Imaging updated its second quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided EPS guidance of $0.05-$0.25 for the period, compared to the consensus estimate of $0.31. The company issued revenue guidance of $205.00 million-$225.00 million, compared to the consensus revenue estimate of $223.75 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 number of institutional and retail investors. Top institutional investors include Shapiro Capital Management LLC (7.04%), Allspring Global Investments Holdings LLC (7.02%), Dimensional Fund Advisors LP (4.96%), Cooke & Bieler LP (4.54%), Alecta Tjanstepension Omsesidigt (4.46%) and Pzena Investment Management LLC (2.97%). Insiders that own company stock include Kevin Bruce Yankton, 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 $18.06. How much money does Varex Imaging make? Varex Imaging (NASDAQ:VREX) has a market capitalization of $724.21 million and generates $859.40 million in revenue each year. The company earns $30.30 million in net income (profit) each year or $0.78 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 3/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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