Varex Imaging Corporation (VREX)
NASDAQ:VREX
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VREX Stock Chart & Stats
$13.59
-$0.27(-1.90%)
At close: 4:00 PM EST
$13.59
-$0.27(-1.90%)
Day’s Range― - ―
52-Week Range$6.76 - $14.57
Previous CloseN/A
Volume44.30K
Average Volume (3M)297.70K
Market Cap
$486.46M
Enterprise Value$768.48M
Total Cash (Recent Filing)$125.60M
Total Debt (Recent Filing)$401.30M
Price to Earnings (P/E)52.9
Beta2.23
Next Earnings
May 07, 2026EPS Estimate
0.2Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.64
Shares Outstanding41,900,000
10 Day Avg. Volume224,850
30 Day Avg. Volume297,697
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)1.05
Price to Sales (P/S)0.59
P/FCF Ratio26.29
Enterprise Value/Market Cap1.58
Enterprise Value/Revenue0.90
Enterprise Value/Gross Profit2.63
Enterprise Value/Ebitda101.12
Forecast
1Y Price Target
$18.00Price Target Upside32.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.85
Revenue Forecast (FY)$872.38M
Bulls Say, Bears Say
Bulls Say
Strong TTM Revenue GrowthSustained top-line expansion (+116% TTM) signals durable demand and expanding OEM penetration. For a components supplier, outsized revenue growth reflects design wins, larger platform content and greater recurring replacement opportunity, supporting scale and long‑term market position.
Industrial Segment Momentum & DiversificationIndustrial growth (+17% YoY) diversifies revenue away from cyclical medical OEMs. Strength in cargo systems, repeat orders and photon-counting interest provides multiple durable end-markets and reduces single-market exposure, supporting steadier multi‑year revenue conversion.
Refinanced Credit Facility Lowers InterestRefinancing into a long‑dated secured facility (maturing 2031) and hedging SOFR improves liquidity, extends maturities and reduces annual interest cost. This structural move materially lowers refinancing and interest expense risk, aiding cash flow stability and investment capacity.
Bears Say
Deteriorated Profitability & Negative MarginsTransition from prior profitability to persistent negative EBIT and net margins reduces internal funding, weakens returns and heightens sensitivity to revenue volatility. Sustained losses impair reinvestment capacity and raise execution risk until margins sustainably recover.
Negative Trailing Free Cash FlowNegative FCF despite positive operating cash flow indicates capital intensity and working capital drain. Over months this increases reliance on external financing, constrains strategic investment and magnifies risk if revenue or margin trends weaken.
High Inventory And Stretched Working CapitalLarge inventory build and 214 days on hand ties up capital and raises obsolescence and margin risk, especially with episodic tender-driven Industrial sales. Elevated working capital lengthens cash conversion cycles and pressures liquidity and free cash flow over the medium term.
Varex Imaging News
VREX FAQ
What was Varex Imaging Corporation’s price range in the past 12 months?
Varex Imaging Corporation lowest stock price was $6.76 and its highest was $14.56 in the past 12 months.
What is Varex Imaging Corporation’s market cap?
Varex Imaging Corporation’s market cap is $486.46M.
When is Varex Imaging Corporation’s upcoming earnings report date?
Varex Imaging Corporation’s upcoming earnings report date is May 07, 2026 which is in 3 days.
How were Varex Imaging Corporation’s earnings last quarter?
Varex Imaging Corporation released its earnings results on Feb 10, 2026. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.132 by $0.058.
Is Varex Imaging Corporation overvalued?
According to Wall Street analysts Varex Imaging Corporation’s price is currently Undervalued.
Does Varex Imaging Corporation pay dividends?
Varex Imaging Corporation does not currently pay dividends.
What is Varex Imaging Corporation’s EPS estimate?
Varex Imaging Corporation’s EPS estimate is 0.2.
How many shares outstanding does Varex Imaging Corporation have?
Varex Imaging Corporation has 41,900,000 shares outstanding.
What happened to Varex Imaging Corporation’s price movement after its last earnings report?
Varex Imaging Corporation reported an EPS of $0.19 in its last earnings report, beating expectations of $0.132. Following the earnings report the stock price went down -3.816%.
Which hedge fund is a major shareholder of Varex Imaging Corporation?
Currently, no hedge funds are holding shares in VREX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Varex Imaging Stock Smart Score
Underperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$18.00 (32.45% Upside)
$18.00 (32.45% Upside)
Hedge Fund Trend
Decreased
By 353.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $50.2K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-4.71%
12-Months-Change
Fundamentals
Return on Equity
-13.86%
Trailing 12-Months
Asset Growth
-17.58%
Trailing 12-Months
Company Description
Varex Imaging Corporation
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah.
VREX Company Deck
VREX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a generally constructive tone: solid revenue growth (+5% YoY), strong Industrial performance (+17% YoY), improved non-GAAP profitability (EBITDA +12%, non-GAAP EPS +90%), and active customer engagement and product momentum (RSNA, India ramp, photon-counting interest). Offsetting risks include a sizable inventory build and $16M operating cash outflow, elevated debt that will require refinancing, a decline in APAC (-7%) and a notable GAAP/non-GAAP gap (GAAP EPS $0.05). Overall, results and management commentary skew positive given durable customer engagement and pipeline, but near-term balance-sheet and regional/headline GAAP considerations temper the outlook.View all VREX earnings summariesVREX Stock 12 Month Forecast
Average Price Target
$18.00
▲(32.45% Upside)
Technical Analysis
Ownership Overview
1.57% Insiders
25.04% Mutual Funds
11.33% Other Institutional Investors
45.96% Public Companies and
Individual Investors