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NASDAQ:VREX

Varex Imaging Stock Forecast, Price & News

$16.50
-0.18 (-1.08 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$16.46
Now: $16.50
$17.09
50-Day Range
$12.92
MA: $14.45
$16.69
52-Week Range
$10.36
Now: $16.50
$32.21
Volume353,512 shs
Average Volume433,573 shs
Market Capitalization$645.15 million
P/E RatioN/A
Dividend YieldN/A
Beta0.86
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, 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, radiation therapy, oncology, cardiac, surgery, dental, and computer-aided detection. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, high voltage connectors, and image-processing software for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive 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 is headquartered in Salt Lake City, Utah.
Varex Imaging logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.79 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$780.60 million
Cash Flow$2.98 per share
Book Value$11.67 per share

Profitability

Net Income$15.50 million

Miscellaneous

Market Cap$645.15 million
Next Earnings Date2/9/2021 (Estimated)
OptionableOptionable
$16.50
-0.18 (-1.08 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Varex Imaging (NASDAQ:VREX) Frequently Asked Questions

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 (WHO). Since then, VREX stock has decreased by 25.4% and is now trading at $16.50.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Varex Imaging?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Varex Imaging in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Varex Imaging
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Varex Imaging?

Wall Street analysts have given Varex Imaging a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Varex Imaging wasn't one of them. MarketBeat thinks these five stocks 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 Tuesday, February 9th 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 results on Monday, November, 16th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.06. Varex Imaging had a negative net margin of 2.89% and a positive return on equity of 4.93%.
View Varex Imaging's earnings history
.

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

Varex Imaging issued an update on its first quarter 2021 After-Hours earnings guidance on Tuesday, November, 17th. The company provided earnings per share (EPS) guidance of -0.15-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.1. The company issued revenue guidance of $160-180 million, compared to the consensus revenue estimate of $173.73 million.

What price target have analysts set for VREX?

4 brokers have issued twelve-month target prices for Varex Imaging's stock. Their forecasts range from $14.00 to $40.00. On average, they expect Varex Imaging's share price to reach $28.25 in the next twelve months. This suggests a possible upside of 71.2% from the stock's current price.
View analysts' price targets for Varex Imaging
.

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).

Who are Varex Imaging's key executives?

Varex Imaging's management team includes the following people:
  • Mr. Sunny S. Sanyal, Pres, CEO & Director (Age 56, Pay $1.06M)
  • Ms. Kimberley E. Honeysett, Sr. VP, Gen. Counsel & Corp. Sec. (Age 48, Pay $481.68k)
  • Mr. Mark S. Jonaitis, Sr. VP & GM of X-Ray Sources (Age 58, Pay $437.33k)
  • Dr. Brian W. Giambattista Ph.D., Sr. VP & GM of X-Ray Detectors (Age 60, Pay $502.03k)
  • Mr. Shubham Maheshwari, Chief Financial Officer (Age 48)
  • Mr. Kevin B. Yankton, Corp. Controller & Chief Accounting Officer (Age 53)
  • 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 63)
  • Mr. Shaohua Liang, VP & MD for China

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 investors include BlackRock Inc. (15.93%), Wells Fargo & Company MN (5.44%), State Street Corp (5.20%), Pzena Investment Management LLC (4.15%), Cooke & Bieler LP (3.60%) and Black Creek Investment Management Inc. (3.04%). Company insiders that own Varex Imaging stock include Brian W Giambattista, Clarence R Verhoef, Erich R Reinhardt, Kevin Bruce Yankton, Kimberley E Honeysett and Mark S Jonaitis.
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 JPMorgan Chase & Co., Assenagon Asset Management S.A., Massachusetts Financial Services Co. MA, Engineers Gate Manager LP, State of Tennessee Treasury Department, AQR Capital Management LLC, Morgan Stanley, and CLARET ASSET MANAGEMENT Corp. Company insiders that have sold Varex Imaging company stock in the last year include Brian W Giambattista, Erich R Reinhardt, and Kevin Bruce Yankton.
View insider buying and selling activity for Varex Imaging
.

Which institutional investors are buying Varex Imaging stock?

VREX stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Wells Fargo & Company MN, BlackRock Inc., Royce & Associates LP, State of New Jersey Common Pension Fund D, SFE Investment Counsel, Cooke & Bieler LP, and Pzena Investment Management LLC.
View insider buying and selling activity for Varex Imaging
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Varex Imaging's stock price today?

One share of VREX stock can currently be purchased for approximately $16.50.

How big of a company is Varex Imaging?

Varex Imaging has a market capitalization of $645.15 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. 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.

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 12/2/2020 by MarketBeat.com Staff

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