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

$115.96
-1.48 (-1.26 %)
(As of 09/20/2019 07:48 AM ET)
Today's Range
$115.75
Now: $115.96
$117.79
50-Day Range
$104.52
MA: $110.82
$118.84
52-Week Range
$101.42
Now: $115.96
$142.50
Volume462,912 shs
Average Volume781,198 shs
Market Capitalization$10.56 billion
P/E Ratio26.24
Dividend YieldN/A
Beta0.87
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 Proton Solutions. The Oncology Systems segment offers 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, as well as related quality assurance equipment. Read More…

Industry, Sector and Symbol

Industry Electromedical equipment
Sub-IndustryHealth Care Equipment
SectorMedical
CUSIP92220P10
Phone650-493-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.92 billion
Cash Flow$5.1653 per share
Book Value$17.35 per share

Profitability

Net Income$149.90 million

Miscellaneous

Employees7,174
Market Cap$10.56 billion
Next Earnings Date10/23/2019 (Confirmed)
OptionableOptionable

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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) released its earnings results on Wednesday, July, 24th. The medical equipment provider reported $1.32 EPS for the quarter, beating the Zacks' consensus estimate of $1.14 by $0.18. The medical equipment provider had revenue of $825.80 million for the quarter, compared to analysts' expectations of $762.29 million. Varian Medical Systems had a return on equity of 24.91% and a net margin of 10.75%. The firm's revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. View Varian Medical Systems' Earnings History.

When is Varian Medical Systems' next earnings date?

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

How can I listen to Varian Medical Systems' earnings call?

Varian Medical Systems will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What guidance has Varian Medical Systems issued on next quarter's earnings?

Varian Medical Systems issued an update on its FY19 earnings guidance on Wednesday, July, 24th. The company provided earnings per share (EPS) guidance of $4.58-4.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.67. The company issued revenue guidance of $3.18-3.21 billion, compared to the consensus revenue estimate of $3.15 billion.

What price target have analysts set for VAR?

9 analysts have issued 12 month target prices for Varian Medical Systems' stock. Their forecasts range from $105.00 to $165.00. On average, they anticipate Varian Medical Systems' stock price to reach $141.50 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Varian Medical Systems.

What is the consensus analysts' recommendation for Varian Medical Systems?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Varian Medical Systems in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Varian Medical Systems.

What are Wall Street analysts saying about Varian Medical Systems stock?

Here are some recent quotes from research analysts about Varian Medical Systems stock:
  • 1. According to Zacks Investment Research, "Varian ended the fiscal third quarter on a solid note, with strength in the core Oncology arm. Growth in EMEA and China also buoys optimism. In fact, management foresees tremendous opportunities in China for its radiation therapy products. Also, Varian’s proton therapy products pipeline is healthy. Management is optimistic about the recently-closed acquisitions of CyberHeart, Cancer Treatment Services International, Endocare and Alicon. A raised revenue guidance paints a bright picture. While expansion in the operating margin is an added positive, contraction in gross margin raises concern. Additionally, the U.S.-China tariffs have been affecting Varian’s top line for a couple of quarters now. Varian also saw softness in its Proton as well as U.S. and APAC businesses in the quarter. A narrowed EPS view adds to the woes." (7/27/2019)
  • 2. Barrington Research analysts commented, "We have slightly reduced our FY/19 non-GAAP EPS estimate to $4.61 from $4.62 previously." (7/25/2019)
  • 3. BTIG Research analysts commented, "For its fiscal first quarter, Varian again outperformed on two key metrics: revenue and Oncology gross orders. Revenue of $741.0M topped consensus by ~$20M while Oncology gross orders of $716.5M was ~$60M above estimates. We like that Oncology gross order growth of +17% y/y CC was the highest in a decade and that the strength came from all regions. Still, with VAR shares trading near all-time historical highs, investors were likely seeking perfection. VAR may trade up Thursday, but with gross margins and operating margins coming in below consensus models, we think the positive stock reaction may be just a few dollars." (1/24/2019)

Has Varian Medical Systems been receiving favorable news coverage?

News articles about VAR stock have trended negative on Friday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news 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 closest to five being the most favorable. Varian Medical Systems earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news stories about the medical equipment provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Varian Medical Systems.

Are investors shorting Varian Medical Systems?

Varian Medical Systems saw a increase in short interest in August. As of August 31st, there was short interest totalling 2,098,000 shares, an increase of 15.4% from the July 31st total of 1,817,600 shares. Based on an average daily trading volume, of 606,200 shares, the short-interest ratio is presently 3.5 days. Currently, 2.3% of the shares of the company are short sold. View Varian Medical Systems' Current Options Chain.

Who are some of Varian Medical Systems' key competitors?

What other stocks do shareholders of Varian Medical Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Varian Medical Systems investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Align Technology (ALGN), Netflix (NFLX), Edap Tms (EDAP), Micron Technology (MU), Thermo Fisher Scientific (TMO), Intel (INTC), Starbucks (SBUX) and Alibaba Group (BABA).

Who are Varian Medical Systems' key executives?

Varian Medical Systems' management team includes the folowing people:
  • Mr. Dow R. Wilson, Pres, CEO & Director (Age 60)
  • Mr. Gary E. Bischoping Jr., Sr. VP of Fin. & CFO (Age 51)
  • Mr. John W. Kuo, Sr. VP, Gen. Counsel & Corp. Sec. (Age 56)
  • Ms. Kolleen T. Kennedy, Chief Growth Officer & Pres of Proton Solutions (Age 60)
  • Mr. Kevin O'Reilly, Sr. VP of Global Operations

Who are Varian Medical Systems' major shareholders?

Varian Medical Systems' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.30%), BlackRock Inc. (9.13%), BlackRock Inc. (9.13%), Fiera Capital Corp (2.74%), Janus Henderson Group PLC (2.39%) and Janus Henderson Group PLC (2.39%). Company insiders that own Varian Medical Systems stock include Christopher A Toth, 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.

Which institutional investors are selling Varian Medical Systems stock?

VAR stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Point72 Asset Management L.P., Janus Henderson Group PLC, Janus Henderson Group PLC, Charles Schwab Investment Management Inc., Panagora Asset Management Inc., First Trust Advisors LP and Alecta Pensionsforsakring Omsesidigt. Company insiders that have sold Varian Medical Systems company stock in the last year include Christopher A Toth, Dow R Wilson, Gary E Bischoping Jr, John W Kuo, Kolleen T Kennedy, Magnus Momsen, R Andrew Eckert and Timothy E Guertin. View Insider Buying and Selling for Varian Medical Systems.

Which institutional investors are buying Varian Medical Systems stock?

VAR stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., Wells Fargo & Company MN, Invesco Ltd., D. E. Shaw & Co. Inc., Vanguard Group Inc. and TD Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Varian Medical Systems' stock price today?

One share of VAR stock can currently be purchased for approximately $115.96.

How big of a company is Varian Medical Systems?

Varian Medical Systems has a market capitalization of $10.56 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.View Additional Information About Varian Medical Systems.

What is Varian Medical Systems' official website?

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

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)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  468 (Vote Outperform)
Underperform Votes:  425 (Vote Underperform)
Total Votes:  893
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.
This page was last updated on 9/20/2019 by MarketBeat.com Staff

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