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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.
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