Varex Imaging (NASDAQ:VREX) Issues Q1 2026 Earnings Guidance

Varex Imaging (NASDAQ:VREX) issued an update on its first quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.050-0.250 for the period, compared to the consensus estimate of 0.170. The company issued revenue guidance of $200.0 million-$215.0 million, compared to the consensus revenue estimate of $206.5 million.

Analysts Set New Price Targets

VREX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Varex Imaging in a report on Wednesday, October 8th. Wall Street Zen cut shares of Varex Imaging from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, B. Riley reaffirmed a “buy” rating and set a $16.00 target price (up previously from $12.00) on shares of Varex Imaging in a report on Friday, August 8th. Two equities 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 stock has a consensus rating of “Hold” and an average target price of $19.50.

Varex Imaging Price Performance

Shares of VREX traded up $0.43 during trading hours on Tuesday, reaching $11.86. 876,873 shares of the company’s stock traded hands, compared to its average volume of 424,542. Varex Imaging has a 12 month low of $6.76 and a 12 month high of $16.93. The company has a current ratio of 3.51, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78. The stock has a market cap of $492.19 million, a PE ratio of -3.69 and a beta of 0.98. The firm’s 50 day simple moving average is $11.83 and its 200-day simple moving average is $9.82.

Hedge Funds Weigh In On Varex Imaging

A number of institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its holdings in shares of Varex Imaging by 480.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 34,800 shares of the company’s stock worth $302,000 after acquiring an additional 28,800 shares during the last quarter. Deerfield Management Company L.P. purchased a new stake in Varex Imaging during the third quarter valued at about $3,537,000. Hsbc Holdings PLC raised its position in Varex Imaging by 19.7% during the second quarter. Hsbc Holdings PLC now owns 47,525 shares of the company’s stock valued at $408,000 after purchasing an additional 7,825 shares in the last quarter. Quantbot Technologies LP lifted its stake in Varex Imaging by 25.1% during the second quarter. Quantbot Technologies LP now owns 47,292 shares of the company’s stock worth $410,000 after purchasing an additional 9,476 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Varex Imaging by 141.5% in the 3rd quarter. Algert Global LLC now owns 222,565 shares of the company’s stock worth $2,760,000 after purchasing an additional 130,406 shares in the last quarter.

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.