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NASDAQ:VREX

Varex Imaging Stock Forecast, Price & News

$23.98
+0.05 (+0.21 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$23.68
$24.17
50-Day Range
$20.49
$24.66
52-Week Range
$10.36
$26.14
Volume140,881 shs
Average Volume336,362 shs
Market Capitalization$942.41 million
P/E RatioN/A
Dividend YieldN/A
Beta0.86
30 days | 90 days | 365 days | Advanced Chart
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Varex Imaging logo

About Varex Imaging

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in 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 (a component of X-ray units that holds X-ray film cassettes). This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, 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 industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, Latin America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah.

Headlines

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Industry, Sector and Symbol

Industry Electronic components, not elsewhere classified
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:VREX
CUSIPN/A
Phone801-972-5000
Employees2,000
Year FoundedN/A

Sales & Book Value

Annual Sales$780.60 million
Cash Flow$4.34 per share
Book Value$11.67 per share

Profitability

Net Income$15.50 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$942.41 million
Next Earnings Date8/11/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.62 out of 5 stars

Medical Sector

396th out of 2,032 stocks

Electronic Components, Not Elsewhere Classified Industry

5th out of 25 stocks

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Varex Imaging (NASDAQ:VREX) Frequently Asked Questions

Is Varex Imaging a buy 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 "buy" Varex Imaging stock.
View analyst ratings for Varex Imaging
or view top-rated stocks.

What stocks does MarketBeat like better than Varex Imaging?

Wall Street analysts have given Varex Imaging a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Varex Imaging wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Varex Imaging's next earnings date?

Varex Imaging is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Varex Imaging
.

How were Varex Imaging's earnings last quarter?

Varex Imaging Co. (NASDAQ:VREX) issued its quarterly earnings data on Tuesday, May, 4th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.17. The company earned $203.50 million during the quarter, compared to analysts' expectations of $187.30 million. Varex Imaging had a positive trailing twelve-month return on equity of 4.93% and a negative net margin of 2.89%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share.
View Varex Imaging's earnings history
.

How has Varex Imaging's stock price been impacted by COVID-19 (Coronavirus)?

Varex Imaging's stock was trading at $22.13 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, VREX stock has increased by 8.4% and is now trading at $23.98.
View which stocks have been most impacted by COVID-19
.

What guidance has Varex Imaging issued on next quarter's earnings?

Varex Imaging updated its third quarter 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share guidance of 0.150-0.350 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.200. The company issued revenue guidance of $195 million-$215 million, compared to the consensus revenue estimate of $187.71 million.

What price target have analysts set for VREX?

2 equities research analysts have issued 1 year target prices for Varex Imaging's stock. Their forecasts range from $14.00 to $41.00. On average, they expect Varex Imaging's stock price to reach $27.50 in the next year. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for Varex Imaging
or view top-rated stocks among Wall Street analysts.

Who are Varex Imaging's key executives?

Varex Imaging's management team includes the following people:
  • Mr. Sunny S. Sanyal, Pres, CEO & Director (Age 57, Pay $843.76k)
  • Mr. Shubham Maheshwari, Chief Financial Officer (Age 49, Pay $379.84k)
  • Ms. Kimberley E. Honeysett, Sr. VP, Gen. Counsel & Corp. Sec. (Age 49, Pay $430.62k)
  • Mr. Mark S. Jonaitis, Sr. VP & GM of X-Ray Sources (Age 59, Pay $435.56k)
  • Dr. Brian W. Giambattista Ph.D., Sr. VP & GM of X-Ray Detectors (Age 62, Pay $409.62k)
  • Mr. Kevin B. Yankton, Corp. Controller & Chief Accounting Officer (Age 54)
  • Mr. Howard A. Goldman, Director of Investor & PR
  • Mr. Chad Holman, Chief HR Officer & VP
  • Mr. Carl E. LaCasce, Sr. VP & GM of Industrial Imaging (Age 64)
  • Mr. Shaohua Liang, VP & MD for China

Who are some of Varex Imaging's key competitors?

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.63%), Shapiro Capital Management LLC (11.29%), Janus Henderson Group PLC (4.52%), Pzena Investment Management LLC (4.23%), Dimensional Fund Advisors LP (3.67%) and Alecta Pensionsforsakring Omsesidigt (3.32%). Company insiders that own Varex Imaging stock include Brian W Giambattista, Clarence R Verhoef, Erich R Reinhardt, Kevin Bruce Yankton, Kimberley E Honeysett, Mark S Jonaitis and Ruediger Naumann-Etienne.
View institutional ownership trends for Varex Imaging
.

Which institutional investors are selling Varex Imaging stock?

VREX stock was sold by a variety of institutional investors in the last quarter, including Black Creek Investment Management Inc., Alecta Pensionsforsakring Omsesidigt, BNP Paribas Arbitrage SA, JPMorgan Chase & Co., Renaissance Technologies LLC, Royce & Associates LP, Northern Trust Corp, and Clearline Capital LP. Company insiders that have sold Varex Imaging company stock in the last year include Kevin Bruce Yankton, Kimberley E Honeysett, and Ruediger Naumann-Etienne.
View insider buying and selling activity for Varex Imaging
or view top insider-selling stocks.

Which institutional investors are buying Varex Imaging stock?

VREX stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, BlackRock Inc., River Road Asset Management LLC, Lazard Asset Management LLC, Dimensional Fund Advisors LP, Altium Capital Management LP, State of New Jersey Common Pension Fund D, and Scout Investments Inc..
View insider buying and selling activity for Varex Imaging
or or view top insider-buying stocks.

How do I buy shares of Varex Imaging?

Shares of VREX 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 $23.98.

How much money does Varex Imaging make?

Varex Imaging has a market capitalization of $942.41 million and generates $780.60 million in revenue each year. The company earns $15.50 million in net income (profit) each year or $1.30 on an earnings per share basis.

How many employees does Varex Imaging have?

Varex Imaging employs 2,000 workers across the globe.

What is Varex Imaging's official website?

The official website for Varex Imaging is www.vareximaging.com.

Where are Varex Imaging's headquarters?

Varex Imaging is headquartered at 1678 SOUTH PIONEER ROAD, SALT LAKE CITY UT, 84104.

How can I contact Varex Imaging?

Varex Imaging's mailing address is 1678 SOUTH PIONEER ROAD, SALT LAKE CITY UT, 84104. The company can be reached via phone at 801-972-5000 or via email at [email protected]


This page was last updated on 5/18/2021 by MarketBeat.com Staff
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