B. Riley Upgrades Varex Imaging (NASDAQ:VREX) to Strong-Buy

Varex Imaging (NASDAQ:VREX) was upgraded by stock analysts at B. Riley to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports. B. Riley also issued estimates for Varex Imaging’s Q1 2026 earnings at $0.08 EPS and Q3 2026 earnings at $0.11 EPS.

Several other brokerages have also recently issued reports on VREX. Oppenheimer dropped their target price on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Friday, February 7th.

Varex Imaging Stock Down 0.3%

Shares of VREX opened at $7.50 on Monday. The firm has a fifty day moving average price of $9.66 and a 200-day moving average price of $12.64. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $309 million, a P/E ratio of -6.41 and a beta of 0.62. Varex Imaging has a 12-month low of $6.76 and a 12-month high of $16.93.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $206.76 million. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Equities research analysts expect that Varex Imaging will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the sale, the senior vice president now owns 4,002 shares in the company, valued at approximately $51,265.62. This represents a 50.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sunny Sanyal sold 8,749 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total value of $98,338.76. Following the transaction, the chief executive officer now owns 190,193 shares in the company, valued at approximately $2,137,769.32. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Varex Imaging

Several hedge funds have recently modified their holdings of the stock. Barclays PLC grew its position in Varex Imaging by 15.3% during the 3rd quarter. Barclays PLC now owns 97,883 shares of the company’s stock worth $1,166,000 after purchasing an additional 12,966 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Varex Imaging by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 41,144 shares of the company’s stock valued at $600,000 after acquiring an additional 3,914 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Varex Imaging by 87.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,030 shares of the company’s stock worth $715,000 after acquiring an additional 22,829 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Varex Imaging during the 4th quarter worth about $426,000. Finally, Cerity Partners LLC purchased a new stake in Varex Imaging during the 4th quarter valued at about $147,000.

Varex Imaging Company Profile

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.