Varex Imaging (NASDAQ:VREX) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Varex Imaging (NASDAQ:VREX) issued its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19, Zacks reports. The company had revenue of $228.90 million during the quarter, compared to the consensus estimate of $219.26 million. Varex Imaging had a positive return on equity of 5.54% and a negative net margin of 16.13%. Varex Imaging updated its Q1 2026 guidance to 0.050-0.250 EPS.

Varex Imaging Stock Up 3.8%

Varex Imaging stock opened at $11.86 on Wednesday. The company has a market capitalization of $492.19 million, a PE ratio of -3.69 and a beta of 0.98. Varex Imaging has a 12-month low of $6.76 and a 12-month high of $16.93. The firm’s fifty day moving average is $11.83 and its 200 day moving average is $9.84. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

VREX has been the subject of several analyst reports. Wall Street Zen lowered shares of Varex Imaging from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Varex Imaging in a research note on Wednesday, October 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $16.00 price target (up previously from $12.00) on shares of Varex Imaging in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.50.

Hedge Funds Weigh In On Varex Imaging

Several institutional investors have recently made changes to their positions in VREX. Jacobs Levy Equity Management Inc. boosted its position in shares of Varex Imaging by 5.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 529,793 shares of the company’s stock worth $6,569,000 after purchasing an additional 26,488 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Varex Imaging during the 3rd quarter worth approximately $240,000. PharVision Advisers LLC bought a new position in Varex Imaging in the third quarter worth approximately $399,000. Quarry LP bought a new position in Varex Imaging in the third quarter worth approximately $64,000. Finally, Millennium Management LLC grew its stake in Varex Imaging by 119.8% in the third quarter. Millennium Management LLC now owns 913,169 shares of the company’s stock valued at $11,323,000 after acquiring an additional 497,650 shares during the period.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.