OSI Systems (NASDAQ:OSIS) Releases FY 2024 Earnings Guidance

OSI Systems (NASDAQ:OSIS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.070- for the period, compared to the consensus estimate of 8.020. The company issued revenue guidance of $1.5 billion-, compared to the consensus revenue estimate of $1.5 billion. OSI Systems also updated its FY24 guidance to above $8.07 EPS.

OSI Systems Price Performance

Shares of OSI Systems stock traded up $0.67 during midday trading on Friday, reaching $134.82. The company had a trading volume of 103,502 shares, compared to its average volume of 83,561. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. The stock has a fifty day simple moving average of $135.68 and a 200 day simple moving average of $127.40. OSI Systems has a 1-year low of $102.02 and a 1-year high of $144.11.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $405.41 million during the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. OSI Systems’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. As a group, equities research analysts forecast that OSI Systems will post 8.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on OSIS shares. StockNews.com lowered shares of OSI Systems from a buy rating to a hold rating in a report on Saturday. Roth Mkm lifted their target price on shares of OSI Systems from $169.00 to $172.00 and gave the stock a buy rating in a report on Friday.

Insiders Place Their Bets

In other news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock valued at $6,503,650. Company insiders own 5.60% of the company’s stock.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in 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 monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.