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Sunny Sanyal, President and CEO of Varex Imaging Corp . (NASDAQ:VREX), recently sold shares worth approximately $98,338 in a transaction dated April 2, 2025. The company, currently valued at $428 million, has seen its stock trading near its 52-week low of $10.19, with InvestingPro data indicating oversold conditions. This sale was conducted under a pre-arranged 10b5-1 trading plan adopted by Sanyal on December 20, 2024. The transaction involved the sale of 8,749 shares at a price of $11.24 per share. Following this sale, Sanyal retains direct ownership of 190,193 shares in the company. While the company shows strong liquidity with a current ratio of 4.36, analysts maintain optimistic price targets ranging from $15 to $26. For comprehensive analysis and additional insights, check out the detailed company report on InvestingPro, which features 7 more key tips about VREX’s financial outlook.
In other recent news, Varex Imaging Corporation reported its first-quarter revenue at $200 million, slightly below the Wall Street estimate of $201.7 million, despite a modest earnings per share beat. The company posted a GAAP net loss of $0.01 per diluted share, but non-GAAP net earnings reached $0.07 per diluted share, surpassing analyst expectations of $0.02. Looking forward, Varex projects second-quarter revenues between $200 million and $215 million, with non-GAAP net earnings per share ranging from $0.05 to $0.20. Additionally, Varex has secured orders worth approximately $14 million for its new high-energy cargo inspection systems, demonstrating the growing demand for advanced security solutions. In corporate governance news, Varex shareholders approved a significant amendment to limit officer liability, along with the election of seven directors and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2025. Analyst Matthew Taylor from Jefferies adjusted Varex’s price target to $15.00 from $16.00, maintaining a Hold rating, while noting strong performance in the Chinese market with a 7% year-over-year growth. Oppenheimer analyst Suraj Kalia highlighted Varex’s core competencies and market position, despite near-term pressures.
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