Varian Medical Systems Inc (VAR) Files 10-K for the Fiscal Year Ended on September 30, 2018

Varian Medical Systems Inc (VAR, Financial) files its latest 10-K with SEC for the fiscal year ended on September 30, 2018. Varian Medical Systems Inc is engaged in the healthcare sector. It manufactures medical devices for conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. Varian Medical Systems Inc has a market cap of $10.75 billion; its shares were traded at around $117.39 with a P/E ratio of 72.47 and P/S ratio of 3.76. Varian Medical Systems Inc had annual average EBITDA growth of 4.90% over the past ten years.

For the last quarter Varian Medical Systems Inc reported a revenue of $801.6 million, compared with the revenue of $770.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.9 billion, an increase of 9.4% from last year. For the last five years Varian Medical Systems Inc had an average revenue decline of 1.1% a year.

The reported diluted earnings per share was $1.62 for the year, a decline of 39.6% from the previous year. Over the last five years Varian Medical Systems Inc had an average EPS decline of 14.6% a year. The Varian Medical Systems Inc had a decent operating margin of 17.14%, compared with the operating margin of 14.74% a year before. The 10-year historical median operating margin of Varian Medical Systems Inc is 20.48%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Varian Medical Systems Inc has the cash and cash equivalents of $504.8 million, compared with $716.2 million in the previous year. The company had no long term debt. Varian Medical Systems Inc has a financial strength rank of 8 (out of 10).

At the current stock price of $117.39, Varian Medical Systems Inc is traded at 39.9% premium to its historical median P/S valuation band of $83.90. The P/S ratio of the stock is 3.76, while the historical median P/S ratio is 2.68. The stock gained 6.24% during the past 12 months.

CFO Recent Trades:

  • SVP, Finance & CFO Gary E Jr Bischoping sold 845 shares of VAR stock on 10/31/2018 at the average price of $120.24. The price of the stock has decreased by 2.37% since.

Directors and Officers Recent Trades:

  • SVP, Gen Counsel and Secretary John W Kuo sold 1,324 shares of VAR stock on 11/15/2018 at the average price of $115.5. The price of the stock has increased by 1.64% since.
  • SVP, Gen Counsel and Secretary John W Kuo sold 465 shares of VAR stock on 10/29/2018 at the average price of $111.99. The price of the stock has increased by 4.82% since.
  • SVP, CAO, Corporate Controller Magnus Momsen sold 2,700 shares of VAR stock on 10/29/2018 at the average price of $111.72. The price of the stock has increased by 5.08% since.

For the complete 20-year historical financial data of VAR, click here.