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NYSE:VAR

Varian Medical Systems (VAR) Stock Price, News & Analysis

Varian Medical Systems logo

About Varian Medical Systems Stock (NYSE:VAR)

Key Stats

Today's Range
$177.07
$177.07
50-Day Range
$176.53
$177.29
52-Week Range
$103.67
$177.38
Volume
N/A
Average Volume
746,779 shs
Market Capitalization
$16.26 billion
P/E Ratio
60.43
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through Oncology Systems and Proton Solutions segments. The Oncology Systems segment offers hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, artificial intelligence based adaptive radiotherapy, and brachytherapy, as well as quality assurance equipment. Its products include linear accelerators, brachytherapy afterloaders, treatment accessories, and quality assurance software; and information management, treatment planning, image processing, clinical knowledge exchange, patient care management, decision-making support, and practice management software. This segment serves university research and community hospitals, private and governmental institutions, healthcare agencies, physicians' offices, medical oncology practices, radiotherapy centers, and cancer care clinics. The Proton Solutions segment designs, develops, manufactures, sells, and services products and systems for delivering proton therapy for the treatment of cancer. The company has a strategic agreement with McKesson Corp. to supply treatment delivery systems and planning, services, and radiotherapy information system solutions to its U.S. Oncology Network and Vantage Oncology affiliated sites of care; and a strategic partnership with Siemens AG to represent Siemens diagnostic imaging products to radiation oncology clinics in the United States and other select markets. Varian Medical Systems, Inc. was formerly known as Varian Associates, Inc. and changed its name to Varian Medical Systems, Inc. in April 1999. The company was founded in 1948 and is headquartered in Palo Alto, California.

Varian Medical Systems Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
39th Percentile Overall Score

VAR MarketRank™: 

Varian Medical Systems scored higher than 39% of companies evaluated by MarketBeat, and ranked 734th out of 975 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Varian Medical Systems are expected to grow by 13.08% in the coming year, from $5.20 to $5.88 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Varian Medical Systems is 60.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.98.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Varian Medical Systems is 60.43, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 128.51.

  • Price to Book Value per Share Ratio

    Varian Medical Systems has a P/B Ratio of 7.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for VAR.
  • Dividend Yield

    Varian Medical Systems does not currently pay a dividend.

  • Dividend Growth

    Varian Medical Systems does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for VAR.
  • Search Interest

    Only 1 people have searched for VAR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Varian Medical Systems insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.78% of the stock of Varian Medical Systems is held by insiders.

  • Percentage Held by Institutions

    86.96% of the stock of Varian Medical Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Varian Medical Systems' insider trading history.
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VAR Stock Analysis - Frequently Asked Questions

Varian Medical Systems, Inc. (NYSE:VAR) issued its earnings results on Monday, January, 25th. The medical equipment provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. Varian Medical Systems's quarterly revenue was down 6.1% compared to the same quarter last year.

The following companies are subsidiaries of Varian Medical Systems: Boston Scientific, Endocare, CTSI, CTSI, Mobius Medical Systems, PerkinElmer's Medical Imaging Business, Candela's radiotherapy business, and more.

Based on aggregate information from My MarketBeat watchlists, some other companies that Varian Medical Systems investors own include NVIDIA (NVDA), Meta Platforms (META), Bristol-Myers Squibb (BMY), Gilead Sciences (GILD), Pfizer (PFE), Vertex Pharmaceuticals (VRTX) and Exxon Mobil (XOM).

Company Calendar

Last Earnings
1/25/2021
Today
11/01/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Electromedical Equipment
Sub-Industry
Health Care Equipment
CUSIP
92220P10
Fax
N/A
Employees
10,000
Year Founded
1948

Profitability

Net Income
$269.20 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.17 billion
Cash Flow
$5.07 per share
Book Value
$22.92 per share

Miscellaneous

Free Float
N/A
Market Cap
$16.26 billion
Optionable
Optionable
Beta
1.06

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This page (NYSE:VAR) was last updated on 11/2/2024 by MarketBeat.com Staff
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