VAREX IMAGING (VREX) Stock Price, News & Analysis

Company Overview

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers. In the security arena, Varex Imaging supplies detector solutions for baggage and cargo screening systems used in airports, border crossings and critical infrastructure. Its industrial imaging products enable inspections in aerospace, automotive and manufacturing sectors, where reliable detection of material defects is critical for safety and quality assurance.

Varex Imaging was established in August 2017 as an independent, publicly traded company following the separation of the imaging components business from Varian Medical Systems. Building on decades of heritage tracing back to Varian Associates, the company has leveraged its expertise to expand manufacturing and research capabilities across multiple sites in North America, Europe and Asia. It maintains rigorous quality systems and holds various regulatory certifications, ensuring compliance with international standards in product performance and safety.

Headquartered in Salt Lake City, Utah, Varex Imaging serves a diverse customer base spanning the Americas, Europe, the Middle East and Asia Pacific. The company is led by President and Chief Executive Officer Brett Wall and supported by a seasoned management team with deep experience in imaging technology and global operations. Varex Imaging remains committed to innovation, collaborating closely with OEM partners to advance the future of X-ray imaging.

Key Stats

• Today's Range: $12.18 to $12.43
• 50-Day Range: $6.96 to $12.34
• 52-Week Range: $6.76 to $16.93
• Volume: 54,363 shs
• Average Volume: 461,510 shs
• Market Capitalization: $507.75 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $19.50
• Consensus Rating: Buy

VAREX IMAGING Stock Analysis - MarketRank™

VAREX IMAGING scored higher than 91% of companies evaluated by MarketBeat, and ranked 99th out of 946 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

VAREX IMAGING has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Upside Potential

VAREX IMAGING has a consensus price target of $19.50, representing about 60.4% upside from its current price of $12.16.

Amount of Analyst Coverage

VAREX IMAGING has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 7.55%

Earnings Growth

Earnings for VAREX IMAGING are expected to grow by 7.55% in the coming year, from $0.53 to $0.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of VAREX IMAGING is -3.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of VAREX IMAGING is -3.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

VAREX IMAGING has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.35% of the float of VAREX IMAGING has been sold short.

Short Interest Ratio / Days to Cover

VAREX IMAGING has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in VAREX IMAGING has recently decreased by 23.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

VAREX IMAGING does not currently pay a dividend.

Dividend Growth

VAREX IMAGING does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.0 / 5
• Environmental Score: -1.09

Percentage of Shares Shorted

2.35% of the float of VAREX IMAGING has been sold short.

Short Interest Ratio / Days to Cover

VAREX IMAGING has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in VAREX IMAGING has recently decreased by 23.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.43

News Sentiment

VAREX IMAGING has a news sentiment score of 1.43. 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 0.73 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for VAREX IMAGING this week, compared to 4 articles on an average week.

Search Interest

8 people have searched for VREX on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added VAREX IMAGING to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, VAREX IMAGING insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.30% of the stock of VAREX IMAGING is held by insiders.

VREX Stock Analysis - Frequently Asked Questions

How have VREX shares performed this year?

VAREX IMAGING's stock was trading at $14.59 on January 1st, 2025. Since then, VREX stock has decreased by 16.7% and is now trading at $12.1560.

How were VAREX IMAGING's earnings last quarter?

VAREX IMAGING (NASDAQ:VREX) announced its earnings results on Thursday, August, 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.14. The firm had revenue of $203 million for the quarter, compared to analyst estimates of $190.32 million. VAREX IMAGING had a positive trailing twelve-month return on equity of 5.54% and a negative net margin of 16.13%.
Read the conference call transcript.

Who are VAREX IMAGING's major shareholders?

Top institutional investors of VAREX IMAGING include Pzena Investment Management LLC (10.30%), Allspring Global Investments Holdings LLC (6.77%), Cooke & Bieler LP (5.19%) and Neuberger Berman Group LLC (3.61%). Insiders that own company stock include Sunny Sanyal, Shubham Maheshwari, Jay K Kunkel and Kimberley E Honeysett.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of VAREX IMAGING own?

Based on aggregate information from My MarketBeat watchlists, some other companies that VAREX IMAGING investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Visa (V), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/07/2025
• Today: 9/23/2025
• Fiscal Year End: 9/30/2025
• Next Earnings (Estimated): 11/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: MED PRODUCTS
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:VREX
• CIK: 1681622
• Web: www.vareximaging.com
• Phone: (801) 972-5000
• Fax: N/A
• Employees: 2,300
• Year Founded: 2017

Price Target and Rating

• Average Price Target for VAREX IMAGING: $19.50
• High Price Target: $23.00
• Low Price Target: $16.00
• Potential Upside/Downside: +59.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): ($3.21)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 23.02
• P/E Growth: N/A
• Net Income: -$47.70 million
• Net Margins: -16.13%
• Pretax Margin: -8.62%
• Return on Equity: 5.54%
• Return on Assets: 2.38%

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 3.51
• Quick Ratio: 1.82

Sales & Book Value

• Annual Sales: $811 million
• Price / Sales: 0.62
• Cash Flow: $1.36 per share
• Price / Cash Flow: 8.94
• Book Value: $13.43 per share
• Price / Book: 0.91

Miscellaneous

• Outstanding Shares: 41,500,000
• Free Float: 39,716,000
• Market Cap: $506.30 million
• Optionable: Optionable
• Beta: 0.87