Brokerages Expect OSI Systems, Inc. (NASDAQ:OSIS) to Post $1.13 EPS

Equities research analysts forecast that OSI Systems, Inc. (NASDAQ:OSIS) will post $1.13 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for OSI Systems’ earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $1.08. OSI Systems posted earnings per share of $1.06 in the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is expected to announce its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that OSI Systems will report full-year earnings of $5.79 per share for the current year, with EPS estimates ranging from $5.74 to $5.85. For the next year, analysts anticipate that the firm will report earnings of $6.28 per share, with EPS estimates ranging from $5.98 to $6.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for OSI Systems.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Tuesday, August 17th. The technology company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05. OSI Systems had a return on equity of 16.30% and a net margin of 6.46%. The business had revenue of $332.20 million for the quarter, compared to the consensus estimate of $317.41 million. During the same quarter last year, the business posted $1.22 earnings per share. The business’s quarterly revenue was up 19.9% compared to the same quarter last year.

A number of equities analysts have weighed in on the company. B. Riley boosted their price objective on OSI Systems from $118.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Imperial Capital began coverage on OSI Systems in a research note on Monday, July 26th. They issued an “outperform” rating and a $140.00 price target on the stock. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Friday, August 27th. Oppenheimer upped their target price on shares of OSI Systems from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, August 11th. Finally, Roth Capital lifted their price target on shares of OSI Systems from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, August 19th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $119.83.

In other news, CEO Deepak Chopra sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $94.64, for a total transaction of $2,366,000.00. Following the sale, the chief executive officer now owns 525,780 shares of the company’s stock, valued at approximately $49,759,819.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 8th. The stock was sold at an average price of $96.92, for a total value of $1,453,800.00. Following the sale, the general counsel now directly owns 231,363 shares in the company, valued at approximately $22,423,701.96. The disclosure for this sale can be found here. Insiders have sold 52,529 shares of company stock worth $5,046,483 over the last 90 days. Insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. increased its position in OSI Systems by 5.2% during the second quarter. Sei Investments Co. now owns 4,995 shares of the technology company’s stock worth $505,000 after buying an additional 246 shares during the period. Vident Investment Advisory LLC increased its position in OSI Systems by 4.3% during the first quarter. Vident Investment Advisory LLC now owns 9,718 shares of the technology company’s stock worth $934,000 after buying an additional 398 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of OSI Systems by 6.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,377 shares of the technology company’s stock valued at $242,000 after purchasing an additional 145 shares during the last quarter. Rhumbline Advisers grew its stake in shares of OSI Systems by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 54,237 shares of the technology company’s stock valued at $5,513,000 after purchasing an additional 5,089 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of OSI Systems in the 1st quarter valued at approximately $1,155,000. 95.68% of the stock is currently owned by institutional investors.

OSIS stock traded up $0.54 during midday trading on Wednesday, reaching $94.62. The stock had a trading volume of 3,336 shares, compared to its average volume of 94,267. OSI Systems has a 52-week low of $76.31 and a 52-week high of $102.24. The company has a current ratio of 2.06, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $97.16 and its 200 day simple moving average is $97.48. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.82 and a beta of 0.72.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.

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