OSI Systems (NASDAQ:OSIS) Announces Earnings Results

OSI Systems (NASDAQ:OSIS) announced its quarterly earnings data on Thursday. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05, Briefing.com reports. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The firm had revenue of $405.41 million for the quarter, compared to analysts’ expectations of $401.99 million. During the same period last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was up 33.8% on a year-over-year basis. OSI Systems updated its FY24 guidance to above $8.07 EPS and its FY 2024 guidance to 8.070- EPS.

OSI Systems Trading Up 0.5 %

Shares of NASDAQ OSIS opened at $134.82 on Friday. The company’s fifty day moving average is $135.68 and its 200-day moving average is $127.44. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.52 and a beta of 0.98. OSI Systems has a twelve month low of $102.02 and a twelve month high of $144.11. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

Insider Transactions at OSI Systems

In other news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the transaction, the general counsel now directly owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $6,503,650 over the last three months. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OSIS shares. Roth Mkm raised their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday.

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.