NYSE:VAR - Varian Medical Systems Stock Price, News, & Analysis

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 results on Tuesday, October, 23rd. The medical equipment provider reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.20 by $0.04. The medical equipment provider had revenue of $801.60 million for the quarter, compared to analyst estimates of $766.26 million. Varian Medical Systems had a return on equity of 27.54% and a net margin of 5.14%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. View Varian Medical Systems' Earnings History.

Varian Medical Systems is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Varian Medical Systems.

Varian Medical Systems will be holding an earnings conference call on Wednesday, January 23rd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778693847.

Varian Medical Systems issued an update on its FY19 earnings guidance on Tuesday, October, 23rd. The company provided earnings per share (EPS) guidance of $4.60-4.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.76. The company issued revenue guidance of $3.06-3.15 billion, compared to the consensus revenue estimate of $3.00 billion.Varian Medical Systems also updated its FY 2019 guidance to $4.60-4.75 EPS.

8 analysts have issued twelve-month target prices for Varian Medical Systems' shares. Their forecasts range from $105.00 to $140.00. On average, they expect Varian Medical Systems' stock price to reach $124.1429 in the next year. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets 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 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Varian Medical Systems.

Headlines about VAR stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Varian Medical Systems earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned news articles about the medical equipment provider a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.

Some companies that are related to Varian Medical Systems include SONOVA HLDG AG/ADR (SONVY), Masimo (MASI), LivaNova (LIVN), GETINGE AB/ADR (GNGBY), NxStage Medical (NXTM), CONMED (CNMD), Natus Medical (BABY), Viewray (VRAY), AxoGen (AXGN), Semler Scientific (SMLR), BioLife Solutions (BLFS), Cutera (CUTR), Rockwell Medical (RMTI), Electrocore (ECOR) and Fonar (FONR).

Varian Medical Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Saratoga Research & Investment Management (0.27%), Retirement Systems of Alabama (0.10%), DNB Asset Management AS (0.10%), Personal Capital Advisors Corp (0.09%), JLB & Associates Inc. (0.09%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Varian Medical Systems stock include David J Illingworth, Dow R Wilson, Gary E Bischoping Jr, 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 Saratoga Research & Investment Management, State of Alaska Department of Revenue, Gulf International Bank UK Ltd, Retirement Systems of Alabama, QUANTRES ASSET MANAGEMENT Ltd, First Hawaiian Bank and Louisiana State Employees Retirement System. Company insiders that have sold Varian Medical Systems company stock in the last year include David J Illingworth, Dow R Wilson, Gary E Bischoping Jr, John W Kuo, Kolleen T Kennedy, Magnus Momsen, Mark R Laret, 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 DNB Asset Management AS, Fox Run Management L.L.C., Personal Capital Advisors Corp, Rockland Trust Co., JLB & Associates Inc., Moody National Bank Trust Division and Contravisory Investment Management Inc.. 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 $125.33.

Varian Medical Systems has a market capitalization of $11.27 billion and generates $2.92 billion in revenue each year. The medical equipment provider earns $149.90 million in net income (profit) each year or $4.42 on an earnings per share basis. Varian Medical Systems employs 7,174 workers across the globe.

The official website for Varian Medical Systems is http://www.varian.com.

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]