Varex Imaging (NASDAQ:VREX) Rating Increased to Strong-Buy at B. Riley

Varex Imaging (NASDAQ:VREX) was upgraded by B. Riley to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports. B. Riley also issued estimates for Varex Imaging’s Q1 2026 earnings at $0.08 EPS and Q3 2026 earnings at $0.11 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Oppenheimer decreased their price objective on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Varex Imaging Stock Down 0.3%

Shares of VREX opened at $7.50 on Monday. The stock has a 50 day moving average price of $9.66 and a 200 day moving average price of $12.64. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The stock has a market capitalization of $309 million, a price-to-earnings ratio of -6.41 and a beta of 0.62. Varex Imaging has a one year low of $6.76 and a one year high of $16.93.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $206.76 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Varex Imaging will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Varex Imaging

In related news, SVP Kimberley E. Honeysett sold 4,007 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares of the company’s stock, valued at approximately $51,265.62. The trade was a 50.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sunny Sanyal sold 8,749 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total transaction of $98,338.76. Following the completion of the sale, the chief executive officer now owns 190,193 shares of the company’s stock, valued at approximately $2,137,769.32. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Varex Imaging

Several institutional investors and hedge funds have recently made changes to their positions in VREX. Barclays PLC boosted its position in Varex Imaging by 15.3% in the 3rd quarter. Barclays PLC now owns 97,883 shares of the company’s stock valued at $1,166,000 after buying an additional 12,966 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Varex Imaging by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 41,144 shares of the company’s stock worth $600,000 after acquiring an additional 3,914 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Varex Imaging by 87.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,030 shares of the company’s stock worth $715,000 after buying an additional 22,829 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Varex Imaging during the 4th quarter worth approximately $426,000. Finally, Cerity Partners LLC acquired a new position in shares of Varex Imaging during the 4th quarter worth about $147,000.

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.