Varex Imaging (NASDAQ:VREX) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Varex Imaging (NASDAQ:VREX) released its earnings results on Monday. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10, FiscalAI reports. Varex Imaging had a net margin of 2.55% and a return on equity of 9.29%. The company had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $215.50 million.

Varex Imaging Stock Performance

VREX opened at $18.58 on Wednesday. The stock has a market capitalization of $782.22 million, a price-to-earnings ratio of 35.73 and a beta of 0.89. The company has a fifty day moving average of $11.11 and a 200 day moving average of $11.58. Varex Imaging has a fifty-two week low of $9.09 and a fifty-two week high of $18.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.43 and a current ratio of 3.20.

Wall Street Analysts Forecast Growth

VREX has been the topic of a number of recent analyst reports. Zacks Research cut Varex Imaging from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. B. Riley Financial lowered Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday. Sidoti reiterated a “neutral” rating and set a $19.00 target price on shares of Varex Imaging in a research report on Monday. Wall Street Zen raised Varex Imaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Varex Imaging in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Varex Imaging has a consensus rating of “Reduce” and an average price target of $16.88.

More Varex Imaging News

Here are the key news stories impacting Varex Imaging this week:

• Positive Sentiment: Teledyne acquisition provides a cash premium. Teledyne Technologies agreed to buy Varex Imaging in an all-cash transaction valued at approximately $1.1 billion, or $18.90 per share. The offer represents a substantial premium to Varex’s pre-announcement price and establishes a valuation floor, although the stock may remain capped near the offer price until closing, which is expected in early 2027. Teledyne Technologies to Buy Varex Imaging for $1.1 Billion
• Positive Sentiment: Varex reported a strong fiscal third quarter. Adjusted earnings were $0.31 per share, exceeding the $0.21 consensus estimate and rising from $0.13 a year earlier. Revenue increased 4% year over year to $210.5 million, while the company generated approximately $21 million in operating cash flow. Results also benefited from a $17 million U.S. Customs refund related to previously paid tariffs. Varex reports Q3 fiscal 2026 revenue of $211 million
• Neutral Sentiment: Analyst coverage reflects the pending transaction. Sidoti reiterated a Neutral rating and set a $19 price target, close to Teledyne’s offer price. Needham’s Buy-rating news referenced the Varex deal but applied its $750 target to Teledyne Technologies, not Varex. Sidoti Reiterates Neutral Rating for Varex Imaging
• Negative Sentiment: Deal-related risks remain. Law firms Kahn Swick & Foti and Halper Sadeh announced investigations into whether Varex shareholders are receiving adequate consideration and whether the sale process was fair. Such reviews could create uncertainty, although no wrongdoing has been established. Varex Imaging Investor Alert

Institutional Trading of Varex Imaging

Several hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Varex Imaging during the third quarter valued at about $64,000. BNP Paribas Financial Markets boosted its stake in Varex Imaging by 18.5% during the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock valued at $113,000 after buying an additional 2,036 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Varex Imaging during the third quarter valued at approximately $117,000. Cerity Partners LLC purchased a new position in Varex Imaging during the 2nd quarter valued at approximately $123,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Varex Imaging by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company’s stock valued at $133,000 after buying an additional 1,442 shares in the last quarter.

Varex Imaging Company Profile

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.