B. Riley Has Bullish Estimate for Varex Imaging Q3 Earnings

Varex Imaging (NASDAQ:VREX) – Equities researchers at B. Riley increased their Q3 2026 earnings per share (EPS) estimates for shares of Varex Imaging in a note issued to investors on Tuesday, November 18th. B. Riley analyst A. Schock now anticipates that the company will earn $0.24 per share for the quarter, up from their previous estimate of $0.21. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Varex Imaging’s current full-year earnings is $0.53 per share. B. Riley also issued estimates for Varex Imaging’s Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $0.98 EPS.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Tuesday, November 18th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.18 by $0.19. The business had revenue of $228.90 million during the quarter, compared to the consensus estimate of $219.26 million. Varex Imaging had a positive return on equity of 7.05% and a negative net margin of 8.32%. Varex Imaging has set its Q1 2026 guidance at 0.050-0.250 EPS.

Other equities research analysts have also issued research reports about the stock. Oppenheimer lowered their target price on shares of Varex Imaging from $23.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Varex Imaging in a research note on Wednesday, October 8th. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Varex Imaging Price Performance

Shares of NASDAQ VREX traded up $0.32 during midday trading on Thursday, reaching $10.56. 65,562 shares of the company traded hands, compared to its average volume of 425,208. The firm has a market cap of $438.32 million, a PE ratio of -6.20 and a beta of 0.98. The stock’s 50-day simple moving average is $11.82 and its 200-day simple moving average is $9.84. Varex Imaging has a 12 month low of $6.76 and a 12 month high of $16.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 3.51.

Institutional Investors Weigh In On Varex Imaging

Several hedge funds and other institutional investors have recently made changes to their positions in VREX. State of Alaska Department of Revenue bought a new position in Varex Imaging in the third quarter valued at about $27,000. Quarry LP bought a new stake in Varex Imaging during the 1st quarter worth about $63,000. BNP Paribas Financial Markets raised its holdings in Varex Imaging by 18.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock worth $113,000 after purchasing an additional 2,036 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Varex Imaging by 25.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,104 shares of the company’s stock valued at $115,000 after purchasing an additional 2,659 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Varex Imaging in the third quarter valued at approximately $117,000.

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.