Varex Imaging SVP Honeysett sells $51,329 in stock

Published 21/03/2025, 21:40
Varex Imaging SVP Honeysett sells $51,329 in stock

Kimberley E. Honeysett, Senior Vice President and Chief Legal Officer at Varex Imaging Corp (NASDAQ:VREX), a medical equipment company with a market capitalization of $520 million and a "GOOD" InvestingPro Financial Health score, recently sold shares in the company valued at approximately $51,329. The transaction, which occurred on March 20, involved the sale of 4,007 shares at a price of $12.81 each. Following this sale, Honeysett holds 4,002 shares directly. This transaction was conducted under a 10b5-1 trading plan, which was adopted on December 20, 2024. Additionally, Honeysett has indirect ownership of 195 shares through a trust. While currently unprofitable, analysts expect Varex to return to profitability this year, with consensus price targets ranging from $15 to $26 per share. For deeper insights into Varex’s valuation and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, Varex Imaging Corporation reported mixed financial results for the first quarter of fiscal year 2025. The company posted revenue of $200 million, falling short of Wall Street’s expectations of $201.7 million, but exceeded earnings per share (EPS) estimates with a non-GAAP net earnings of $0.07 per diluted share, against an expected $0.02. Additionally, Varex has projected second-quarter revenues between $200 million and $215 million, with non-GAAP EPS in the range of $0.05 to $0.20. In terms of corporate governance, Varex shareholders approved an amendment to limit the monetary liability of certain officers, aligning with Delaware law. The amendment was part of broader updates to the company’s governance structure, including the election of directors and the approval of executive compensation. Analyst firm Jefferies adjusted Varex’s price target from $16.00 to $15.00 while maintaining a Hold rating, citing recent market dynamics. Furthermore, Varex announced receiving $14 million in orders for its high-energy cargo inspection systems, reflecting a strong market response to its security solutions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.