Varex Imaging Co. (NASDAQ:VREX – Get Rating) – Investment analysts at Oppenheimer lowered their Q3 2023 earnings per share estimates for shares of Varex Imaging in a research report issued on Wednesday, November 16th. Oppenheimer analyst S. Kalia now expects that the company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.32. The consensus estimate for Varex Imaging’s current full-year earnings is $1.00 per share. Oppenheimer also issued estimates for Varex Imaging’s Q4 2023 earnings at $0.24 EPS, Q1 2024 earnings at $0.20 EPS, Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.31 EPS and FY2024 earnings at $1.02 EPS.
Several other analysts also recently weighed in on VREX. Jefferies Financial Group began coverage on Varex Imaging in a research note on Wednesday, October 12th. They set a “hold” rating and a $24.00 target price on the stock. StockNews.com began coverage on Varex Imaging in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.
Varex Imaging Trading Down 4.0 %
Insider Buying and Selling at Varex Imaging
In other news, Director Ruediger Naumann-Etienne sold 5,000 shares of Varex Imaging stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $21.60, for a total transaction of $108,000.00. Following the transaction, the director now directly owns 21,375 shares in the company, valued at approximately $461,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Varex Imaging
Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Varex Imaging during the 3rd quarter valued at $276,000. Neuberger Berman Group LLC grew its holdings in shares of Varex Imaging by 5.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 958,426 shares of the company’s stock worth $20,274,000 after acquiring an additional 50,165 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Varex Imaging by 5.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 41,245 shares of the company’s stock worth $872,000 after acquiring an additional 2,144 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Varex Imaging in the 3rd quarter worth $493,000. Finally, Vanguard Group Inc. grew its holdings in shares of Varex Imaging by 1.8% during the third quarter. Vanguard Group Inc. now owns 4,452,336 shares of the company’s stock valued at $94,122,000 after buying an additional 76,727 shares in the last quarter.
Varex Imaging Company Profile
Varex Imaging Corp. engages in the design, manufacture, and sale of imaging components. It operates through the Medical and Industrial segments. The Medical segment delivers and services x-ray imaging components, including X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, and three-dimensional reconstruction software.
- Get a free copy of the StockNews.com research report on Varex Imaging (VREX)
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