Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through two segments, Oncology Systems and Varian Particle Therapy. The Oncology Systems segment provides hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, and brachytherapy. Its products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, and accessories; and information management, treatment planning, image processing, clinical knowledge exchange, patient care management, decision-making support, and practice management software. This segment serves university research and community hospitals, private and governmental institutions, healthcare agencies, physicians' offices, oncology practices, radiotherapy centers, and cancer care clinics. The Varian Particle Therapy segment develops, designs, manufactures, sells, and services products and systems for delivering proton therapy for the treatment of cancer. Varian Medical Systems, Inc. has a strategic partnership with Siemens AG to co-develop new imaging and treatment solutions. The company was formerly known as Varian Associates, Inc. and changed its name to Varian Medical Systems, Inc. in April 1999. Varian Medical Systems, Inc. was founded in 1948 and is headquartered in Palo Alto, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Electromedical equipment
Sub-IndustryHealth Care Equipment
SectorMedical
SymbolNYSE:VAR
CUSIP92220P10
Phone650-493-4000
Debt
Debt-to-Equity RatioN/A
Current Ratio1.59
Quick Ratio1.25
Price-To-Earnings
Trailing P/E Ratio30.89
Forward P/E Ratio24.93
P/E Growth3.12
Sales & Book Value
Annual Sales$2.67 billion
Price / Sales3.82
Cash Flow$4.4897 per share
Price / Cash24.77
Book Value$16.33 per share
Price / Book6.81
Profitability
EPS (Most Recent Fiscal Year)$3.60
Net Income$249.60 million
Net Margins4.07%
Return on Equity27.51%
Return on Assets12.41%
Miscellaneous
Employees6,600
Outstanding Shares91,550,000
Market Cap$10.18 billion
Varian Medical Systems (NYSE:VAR) Frequently Asked Questions
What is Varian Medical Systems' stock symbol?
Varian Medical Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "VAR."
How were Varian Medical Systems' earnings last quarter?
Varian Medical Systems, Inc. (NYSE:VAR) announced its earnings results on Wednesday, July, 25th. The medical equipment provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. The medical equipment provider had revenue of $709.10 million for the quarter, compared to the consensus estimate of $663.19 million. Varian Medical Systems had a return on equity of 27.51% and a net margin of 4.07%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. View Varian Medical Systems' Earnings History.
When is Varian Medical Systems' next earnings date?
What guidance has Varian Medical Systems issued on next quarter's earnings?
Varian Medical Systems updated its FY18 earnings guidance on Wednesday, July, 25th. The company provided EPS guidance of $4.43-4.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.47. The company issued revenue guidance of $2.91-2.96 billion, compared to the consensus revenue estimate of $2.82 billion.
What price target have analysts set for VAR?
8 brokers have issued 12 month price targets for Varian Medical Systems' shares. Their predictions range from $98.00 to $132.00. On average, they expect Varian Medical Systems' stock price to reach $111.2857 in the next year. This suggests a possible upside of 0.1% from the stock's current price. View Analyst Price Targets for Varian Medical Systems.
What is the consensus analysts' recommendation for Varian Medical Systems?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Varian Medical Systems in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Varian Medical Systems.
Who are some of Varian Medical Systems' key competitors?
Some companies that are related to Varian Medical Systems include SONOVA Hldg AG/ADR (SONVY), LivaNova (LIVN), Masimo (MASI), GETINGE AB/ADR (GNGBY), CONMED (CNMD), NxStage Medical (NXTM), AxoGen, Inc Common Stock (AXGN), Natus Medical (BABY), Viewray (VRAY), Cutera (CUTR), electroCore (ECOR), BioLife Solutions (BLFS), Rockwell Medical (RMTI), Vision Sciences (CGNT) and Helius Medical Technologies (HSDT).
Who are Varian Medical Systems' key executives?
Varian Medical Systems' management team includes the folowing people:
- Mr. Gary E. Bischoping Jr., Sr. VP of Fin. & CFO (Age 50)
- Mr. Dow R. Wilson, Pres, CEO & Director (Age 59)
- Mr. Patrick Joda, Sr. VP of Global Operations (Age 60)
- Mr. Magnus A. Momsen, Sr. VP, Chief Accounting Officer & Corp. Controller
- Mr. Corey Zankowski Ph.D., Chief Technology Innovation Officer and Sr. VP
Has Varian Medical Systems been receiving favorable news coverage?
Press coverage about VAR stock has been trending positive on Saturday, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Varian Medical Systems earned a daily sentiment score of 0.28 on Accern's scale. They also gave media stories about the medical equipment provider an impact score of 47.35 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Varian Medical Systems.
Who are Varian Medical Systems' major shareholders?
Varian Medical Systems' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.39%), Janus Henderson Group PLC (3.45%), Fiera Capital Corp (2.76%), Bank of America Corp DE (1.77%), Alecta Pensionsforsakring Omsesidigt (1.74%) and Wells Fargo & Company MN (1.47%). Company insiders that own Varian Medical Systems stock include David J Illingworth, Dow R Wilson, Elisha W Finney, John W Kuo, Kolleen T Kennedy, Magnus Momsen, Mark R Laret, R Andrew Eckert, Susan L Bostrom and Timothy E Guertin. View Institutional Ownership Trends for Varian Medical Systems.
Which major investors are selling Varian Medical Systems stock?
VAR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Henderson Group PLC, Renaissance Technologies LLC, Fairpointe Capital LLC, American Century Companies Inc., Russell Investments Group Ltd., FMR LLC and Alecta Pensionsforsakring Omsesidigt. Company insiders that have sold Varian Medical Systems company stock in the last year include David J Illingworth, Dow R Wilson, John W Kuo, Kolleen T Kennedy, Magnus Momsen, Mark R Laret, R Andrew Eckert, Susan L Bostrom and Timothy E Guertin. View Insider Buying and Selling for Varian Medical Systems.
Which major investors are buying Varian Medical Systems stock?
VAR stock was acquired by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Schwab Charles Investment Management Inc., Mackay Shields LLC, Marshall Wace LLP, Martingale Asset Management L P, BTIM Corp., Morgan Stanley and Bank of Nova Scotia. View Insider Buying and Selling for Varian Medical Systems.
How do I buy shares of Varian Medical Systems?
Shares of VAR 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, Scottrade, Fidelity and Charles Schwab.
What is Varian Medical Systems' stock price today?
One share of VAR stock can currently be purchased for approximately $111.21.
How big of a company is Varian Medical Systems?
Varian Medical Systems has a market capitalization of $10.18 billion and generates $2.67 billion in revenue each year. The medical equipment provider earns $249.60 million in net income (profit) each year or $3.60 on an earnings per share basis. Varian Medical Systems employs 6,600 workers across the globe.
How can I contact Varian Medical Systems?
Varian Medical Systems' mailing address is 3100 Hansen Way, Palo Alto CA, 94304. The medical equipment provider can be reached via phone at 650-493-4000 or via email at [email protected]
MarketBeat Community Rating for Varian Medical Systems (NYSE VAR)
MarketBeat's community ratings are surveys of what our community members think about Varian Medical Systems and other stocks. Vote "Outperform" if you believe VAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
