NYSE:VAR - Varian Medical Systems Stock Price, Price Target & More

Varian Medical Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "VAR."

Varian Medical Systems, Inc. (NYSE:VAR) posted its quarterly earnings data on Wednesday, April, 25th. The medical equipment provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.11. The medical equipment provider had revenue of $729.90 million for the quarter, compared to analyst estimates of $685.86 million. Varian Medical Systems had a return on equity of 27.99% and a net margin of 4.77%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. View Varian Medical Systems' Earnings History.

Varian Medical Systems is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Varian Medical Systems.

Varian Medical Systems issued an update on its FY18 earnings guidance on Wednesday, April, 25th. The company provided earnings per share (EPS) guidance of $4.43-4.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.40. The company issued revenue guidance of +6-9% (Approx $3.11-3.21 billion), compared to the consensus revenue estimate of $2.79 billion.

8 Wall Street analysts have issued 12-month price objectives for Varian Medical Systems' stock. Their predictions range from $98.00 to $132.00. On average, they anticipate Varian Medical Systems' stock price to reach $111.2857 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Ratings 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."

Some companies that are related to Varian Medical Systems include SONOVA Hldg AG/ADR (SONVY), Masimo (MASI), LivaNova (LIVN), GETINGE AB/ADR (GNGBY), CONMED (CNMD), NxStage Medical (NXTM), AxoGen, Inc Common Stock (AXGN), Natus Medical (BABY), Viewray (VRAY), Cutera (CUTR), BioLife Solutions (BLFS), Vision Sciences (CGNT), Rockwell Medical (RMTI), Fonar (FONR) and Helius Medical Technologies (HSDT).

News coverage about VAR stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Varian Medical Systems earned a media sentiment score of 0.14 on Accern's scale. They also assigned news articles about the medical equipment provider an impact score of 47.41 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Varian Medical Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include Alecta Pensionsforsakring Omsesidigt (1.74%), Bank of Montreal Can (0.11%), Montrusco Bolton Investments Inc. (0.10%), JLB & Associates Inc. (0.09%), DnB Asset Management AS (0.06%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Varian Medical Systems stock include Clarence R Verhoef, 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.

VAR stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, State of Alaska Department of Revenue and TNB Financial. 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.

VAR stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, DnB Asset Management AS, Montrusco Bolton Investments Inc., Clinton Group Inc., Cohen Klingenstein LLC, Welch & Forbes LLC, Bright Rock Capital Management LLC and Gateway Investment Advisers LLC. View Insider Buying and Selling for 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.

One share of VAR stock can currently be purchased for approximately $114.86.

Varian Medical Systems has a market capitalization of $10.65 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.

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]