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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
$551.82M
Enterprise Value$461.88M
Total Cash (Recent Filing)$125.60M
Total Debt (Recent Filing)$29.30M
Price to Earnings (P/E)―
Beta2.21
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 Cap0.84
Enterprise Value/Revenue0.54
Enterprise Value/Gross Profit1.58
Enterprise Value/Ebitda60.77
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
Product & Market PositionVarex supplies X-ray tubes, digital detectors and software to diverse OEMs and end markets. Its broad product set and OEM relationships create durable revenue channels, recurring replacement/service demand and design-win stickiness that support long-term market share and scale.
Strong Revenue MomentumSustained top-line growth, including Q1 gains and double-digit Industrial growth, improves operating leverage potential and funds R&D. Durable revenue expansion across segments bolsters capacity to invest in next-generation detectors and pursue multi-year OEM engagements.
India Manufacturing RampLocal manufacturing reduces unit costs, shortens supply chains and supports competitive pricing for global OEMs. A successful India ramp can sustainably improve margins, secure market access in key regions and lower production risk versus single-site manufacturing.
Bears Say
Earnings & Margin WeaknessA shift from prior profitability to sustained losses and negative ROE (~-14%) weakens internal capital generation and constrains reinvestment. Continued negative margins make earnings recovery and durable shareholder returns reliant on execution and cost discipline over multiple quarters.
Free Cash Flow & Inventory BuildRising inventory and a move to negative free cash flow indicate working-capital strain and weaker cash conversion. Persistent inventory overhang can depress returns and create funding needs, elevating refinancing or liquidity risk if sales conversion is delayed.
Elevated Debt & Refinancing NeedMaterial gross debt with a near-term refinancing window exposes the company to market-rate and execution risk. High interest costs and potential refinancing at less favorable terms could pressure margins and liquidity, constraining strategic investment and operational flexibility.
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 $551.82M.
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 64 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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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.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-4.71%
12-Months-Change
Fundamentals
Return on Equity
-13.95%
Trailing 12-Months
Asset Growth
-14.31%
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
23.86% Mutual Funds
23.75% Other Institutional Investors
34.13% Public Companies and
Individual Investors