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Varex Imaging Corporation (VREX)
NASDAQ:VREX
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
$446.65M
Enterprise Value$728.66M
Total Cash (Recent Filing)$125.60M
Total Debt (Recent Filing)$401.30M
Price to Earnings (P/E)52.9
Beta2.24
Next Earnings
May 05, 2026EPS Estimate
0.2Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.19
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 Cap1.63
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit2.50
Enterprise Value/Ebitda95.88
Forecast
1Y Price Target
$20.00Price Target Upside47.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.85
Revenue Forecast (FY)$867.66M
Bulls Say, Bears Say
Bulls Say
Revenue Growth & Industrial MomentumSustained top-line expansion and double‑digit Industrial growth broaden the installed base and validate product-market fit. Durable revenue gains support scale economics, R&D investment and improved bargaining with OEMs, reducing dependence on any single end market over the medium term.
Diversified Product Mix And OEM IntegrationA broad portfolio of consumable X‑ray tubes, detectors and subsystem components creates recurring aftermarket streams and multi‑year design relationships with OEMs. Engineered-in components and replacement demand produce predictable revenue backlogs and higher customer switching costs over time.
Refinancing Improves Financial FlexibilityReplacing high‑coupon 2027 notes with a secured facility, hedged SOFR to a fixed rate and extended maturities materially reduces near‑term refinancing risk and interest expense. That structural improvement increases liquidity headroom to fund capex, India ramp and working capital needs.
Bears Say
Deteriorated Profitability And ReturnsMargins and returns have reversed from prior profitable years, reflecting structural earnings pressure. Negative net margin and ROE erode retained capital, restrict reinvestment, and make the business more sensitive to volume swings; sustained margin recovery is required to restore long‑term capital efficiency.
Weak Free Cash Flow And Rising InventoriesNegative FCF and a sizable inventory build lengthen the cash conversion cycle and tie up liquidity needed for R&D and capacity expansion. Persistent FCF weakness increases funding and covenant risk, raising reliance on external financing despite recent refinancing improvements.
Episodic Industrial Tendering And Regional SoftnessIndustrial tender-driven sales are lumpy and can cause multi‑quarter revenue volatility, complicating capacity planning and working capital. Concurrent APAC weakness and flat China demand limit geographic diversification, slowing predictable conversion of pipeline to steady revenue.
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 $446.65M.
When is Varex Imaging Corporation’s upcoming earnings report date?
Varex Imaging Corporation’s upcoming earnings report date is May 05, 2026 which is in 43 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
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$20.00 (47.17% Upside)
$20.00 (47.17% Upside)
Hedge Fund Trend
Decreased
By 353.5K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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
$20.00
▲(47.17% Upside)
Technical Analysis
Ownership Overview
1.59% Insiders
23.72% Mutual Funds
29.21% Other Institutional Investors
29.02% Public Companies and
Individual Investors