OSI Systems, Inc. (NASDAQ:OSIS) Expected to Announce Earnings of $1.47 Per Share

Equities research analysts expect that OSI Systems, Inc. (NASDAQ:OSIS) will post earnings of $1.47 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for OSI Systems’ earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.46. OSI Systems reported earnings per share of $1.22 in the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 19th.

According to Zacks, analysts expect that OSI Systems will report full-year earnings of $5.27 per share for the current fiscal year, with EPS estimates ranging from $5.25 to $5.28. For the next year, analysts anticipate that the business will post earnings of $5.55 per share, with EPS estimates ranging from $5.42 to $5.68. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover OSI Systems.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, April 29th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $283.80 million during the quarter, compared to the consensus estimate of $290.51 million. OSI Systems had a net margin of 5.65% and a return on equity of 15.70%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS.

Several research analysts recently weighed in on the stock. Roth Capital upped their target price on shares of OSI Systems from $108.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, May 6th. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b” rating in a research note on Thursday, January 28th. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, April 1st. Oppenheimer initiated coverage on shares of OSI Systems in a research note on Thursday, January 28th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, B. Riley boosted their price target on shares of OSI Systems from $104.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, May 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. OSI Systems currently has an average rating of “Buy” and a consensus price target of $110.80.

OSI Systems stock traded up $0.77 during mid-day trading on Monday, hitting $95.64. The stock had a trading volume of 75,395 shares, compared to its average volume of 91,784. The firm has a market capitalization of $1.72 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.16 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $97.19 and its 200 day moving average is $92.87. OSI Systems has a one year low of $66.11 and a one year high of $101.78.

In related news, insider Manoocher M. Aliabadi sold 2,500 shares of the stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $93.85, for a total value of $234,625.00. Following the sale, the insider now directly owns 77,751 shares of the company’s stock, valued at approximately $7,296,931.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 25,000 shares of the stock in a transaction dated Tuesday, March 2nd. The stock was sold at an average price of $93.22, for a total transaction of $2,330,500.00. Following the completion of the sale, the chief executive officer now directly owns 474,094 shares in the company, valued at $44,195,042.68. The disclosure for this sale can be found here. Insiders have sold a total of 77,564 shares of company stock worth $7,342,043 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of OSIS. Norges Bank purchased a new stake in OSI Systems in the 4th quarter worth about $28,943,000. Kennedy Capital Management Inc. grew its stake in OSI Systems by 56.8% in the 1st quarter. Kennedy Capital Management Inc. now owns 188,171 shares of the technology company’s stock worth $18,083,000 after acquiring an additional 68,133 shares in the last quarter. Cardinal Capital Management LLC CT grew its stake in OSI Systems by 28.0% in the 4th quarter. Cardinal Capital Management LLC CT now owns 296,885 shares of the technology company’s stock worth $27,676,000 after acquiring an additional 64,855 shares in the last quarter. Credit Suisse AG grew its stake in OSI Systems by 14.5% in the 4th quarter. Credit Suisse AG now owns 492,640 shares of the technology company’s stock worth $45,923,000 after acquiring an additional 62,306 shares in the last quarter. Finally, Primecap Management Co. CA grew its stake in OSI Systems by 9.6% in the 1st quarter. Primecap Management Co. CA now owns 382,850 shares of the technology company’s stock worth $36,792,000 after acquiring an additional 33,450 shares in the last quarter. 92.62% of the stock is currently owned by institutional investors.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Earnings History and Estimates for OSI Systems (NASDAQ:OSIS)

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