Varex Imaging - VREX Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Varex Imaging in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.
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1 Wall Street research analysts have issued twelve-month price objectives for Varex Imaging's stock. Their VREX share price forecasts range from $24.00 to $24.00. On average, they expect the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price.
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Varex Imaging's stock was trading at $20.30 at the beginning of 2023. Since then, VREX stock has decreased by 10.4% and is now trading at $18.19.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our VREX earnings forecast.

Varex Imaging Co. (NASDAQ:VREX) issued its quarterly earnings data on Tuesday, January, 31st. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $205.60 million for the quarter, compared to analyst estimates of $205.35 million. Varex Imaging had a trailing twelve-month return on equity of 7.47% and a net margin of 3.69%.

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

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.

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).

Varex Imaging trades on the NASDAQ under the ticker symbol "VREX."

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.
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One share of VREX stock can currently be purchased for approximately $18.19.

Varex Imaging (NASDAQ:VREX) has a market capitalization of $729.42 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.

The company employs 2,300 workers across the globe.

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.