OSI Systems (NASDAQ:OSIS) Updates FY24 Earnings Guidance

OSI Systems (NASDAQ:OSIS) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of above $8.07 for the period, compared to the consensus estimate of $8.03. The company issued revenue guidance of above $1.52 billion, compared to the consensus revenue estimate of $1.52 billion. OSI Systems also updated its FY 2024 guidance to 8.070- EPS.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Roth Mkm boosted 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. StockNews.com raised OSI Systems from a hold rating to a buy rating in a report on Friday, April 19th.

OSI Systems Stock Performance

Shares of OSIS traded up $0.67 during trading hours on Friday, reaching $134.82. 103,502 shares of the company traded hands, compared to its average volume of 93,558. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The stock’s fifty day moving average is $135.68 and its 200 day moving average is $127.40. OSI Systems has a 1-year low of $102.02 and a 1-year high of $144.11. The stock has a market cap of $2.30 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.11 by $0.05. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. During the same quarter in the prior year, the firm posted $1.49 EPS. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. Equities research analysts anticipate that OSI Systems will post 8.03 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the sale, the general counsel now directly owns 63,116 shares in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,000 shares of company stock worth $6,503,650. 5.60% of the stock is owned by corporate insiders.

OSI Systems Company Profile

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.