Varian Medical Systems (NYSE:VAR) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.30-5.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.23. The company issued revenue guidance of $3.515-3.612 billion, compared to the consensus revenue estimate of $3.49 billion.Varian Medical Systems also updated its FY 2020 guidance to $5.30-5.45 EPS.
VAR stock traded down $6.03 during mid-day trading on Friday, reaching $120.30. 966,280 shares of the stock traded hands, compared to its average volume of 615,856. Varian Medical Systems has a one year low of $103.92 and a one year high of $142.50. The stock has a market capitalization of $11.50 billion, a PE ratio of 25.98, a PEG ratio of 2.92 and a beta of 0.87. The business has a 50-day moving average price of $114.84 and a two-hundred day moving average price of $124.25.
Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, October 23rd. The medical equipment provider reported $1.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.21. Varian Medical Systems had a net margin of 9.65% and a return on equity of 24.42%. The business had revenue of $878.90 million for the quarter, compared to analysts’ expectations of $858.47 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Varian Medical Systems will post 5.41 earnings per share for the current year.
In related news, SVP John W. Kuo sold 465 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $116.30, for a total value of $54,079.50. Following the completion of the sale, the senior vice president now directly owns 35,411 shares of the company’s stock, valued at $4,118,299.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,395 shares of company stock valued at $158,388. 0.78% of the stock is owned by insiders.
Varian Medical Systems Company Profile
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 two segments, Oncology Systems and Proton Solutions. 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, and brachytherapy, as well as related quality assurance equipment.
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