Varex Imaging - VREX Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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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%.

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."

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.
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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 $18.06.

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.

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.