Varian Medical Systems, Inc. (NYSE:VAR) is set to release its earnings data after the market closes on Wednesday, July 26th. Analysts expect Varian Medical Systems to post earnings of $0.94 per share for the quarter. Varian Medical Systems has set its Q3 guidance at $0.92-0.96 EPS and its FY17 guidance at $3.56-3.64 EPS.

Varian Medical Systems (NYSE:VAR) last posted its earnings results on Wednesday, April 26th. The medical equipment provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Varian Medical Systems had a return on equity of 24.82% and a net margin of 9.39%. The business had revenue of $655 million during the quarter, compared to analysts’ expectations of $639.26 million. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect Varian Medical Systems to post $3.92 EPS for the current fiscal year and $4.38 EPS for the next fiscal year.

Varian Medical Systems, Inc. (NYSE:VAR) opened at 103.88 on Monday. Varian Medical Systems, Inc. has a 52-week low of $75.20 and a 52-week high of $107.08. The company’s 50-day moving average price is $103.47 and its 200 day moving average price is $91.27. The stock has a market capitalization of $9.55 billion, a PE ratio of 33.52 and a beta of 0.62.

COPYRIGHT VIOLATION WARNING: “Varian Medical Systems, Inc. (VAR) Scheduled to Post Quarterly Earnings on Wednesday” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/07/24/varian-medical-systems-inc-var-scheduled-to-post-quarterly-earnings-on-wednesday.html.

VAR has been the subject of a number of analyst reports. Off Wall Street initiated coverage on Varian Medical Systems in a research note on Monday, April 24th. They issued a “sell” rating for the company. Goldman Sachs Group, Inc. (The) initiated coverage on Varian Medical Systems in a research note on Tuesday, May 16th. They issued a “neutral” rating and a $92.00 price target for the company. Zacks Investment Research upgraded Varian Medical Systems from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 6th. BTIG Research upgraded Varian Medical Systems from a “neutral” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Monday, May 8th. Finally, Citigroup Inc. upgraded Varian Medical Systems from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Varian Medical Systems currently has an average rating of “Hold” and an average price target of $94.21.

In related news, EVP Kolleen T. Kennedy sold 56,573 shares of Varian Medical Systems stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $99.76, for a total value of $5,643,722.48. Following the completion of the transaction, the executive vice president now owns 32,737 shares in the company, valued at $3,265,843.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Bostrom sold 3,589 shares of Varian Medical Systems stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $91.08, for a total value of $326,886.12. Following the completion of the transaction, the director now owns 3,809 shares of the company’s stock, valued at approximately $346,923.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,676 shares of company stock valued at $14,979,214. Company insiders own 0.91% of the company’s stock.

Varian Medical Systems Company Profile

Varian Medical Systems, Inc is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

Earnings History for Varian Medical Systems (NYSE:VAR)

Receive News & Ratings for Varian Medical Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.