OSI Systems (OSIS) to Release Earnings on Thursday

OSI Systems (NASDAQ:OSISGet Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, January 26th. Analysts expect OSI Systems to post earnings of $1.15 per share for the quarter. OSI Systems has set its FY23 guidance at $6.02-6.25 EPS and its FY 2023 guidance at $6.02-$6.25 EPS.Parties interested in listening to the company’s conference call can do so using this link.

OSI Systems (NASDAQ:OSISGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $268.07 million during the quarter, compared to analyst estimates of $267.48 million. OSI Systems had a net margin of 9.17% and a return on equity of 15.61%. On average, analysts expect OSI Systems to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

OSI Systems Stock Up 0.8 %

Shares of NASDAQ:OSIS opened at $89.28 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.73 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $84.71 and a 200 day simple moving average of $84.46. The firm has a market cap of $1.50 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87. OSI Systems has a 12-month low of $69.31 and a 12-month high of $103.17.

Analyst Ratings Changes

Several brokerages have commented on OSIS. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, November 15th. TheStreet upgraded OSI Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, November 16th.

Insider Activity at OSI Systems

In other news, General Counsel Victor S. Sze sold 25,000 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $84.69, for a total transaction of $2,117,250.00. Following the completion of the transaction, the general counsel now owns 39,598 shares of the company’s stock, valued at approximately $3,353,554.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Deepak Chopra sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $81.91, for a total value of $409,550.00. Following the transaction, the chief executive officer now owns 545,855 shares in the company, valued at $44,710,983.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 25,000 shares of OSI Systems stock in a transaction on Monday, November 7th. The stock was sold at an average price of $84.69, for a total value of $2,117,250.00. Following the sale, the general counsel now owns 39,598 shares in the company, valued at $3,353,554.62. The disclosure for this sale can be found here. Insiders sold 46,640 shares of company stock worth $3,944,599 in the last ninety days. 6.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently made changes to their positions in OSIS. Quantbot Technologies LP bought a new stake in OSI Systems during the second quarter worth about $25,000. Captrust Financial Advisors grew its holdings in shares of OSI Systems by 305.6% during the 1st quarter. Captrust Financial Advisors now owns 718 shares of the technology company’s stock worth $61,000 after acquiring an additional 541 shares during the period. Two Sigma Investments LP purchased a new stake in shares of OSI Systems in the 3rd quarter worth approximately $236,000. Envestnet Asset Management Inc. lifted its holdings in shares of OSI Systems by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,167 shares of the technology company’s stock valued at $271,000 after buying an additional 226 shares during the period. Finally, Teachers Retirement System of The State of Kentucky bought a new position in OSI Systems in the 3rd quarter worth $346,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

About OSI Systems

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OSI Systems, Inc designs and manufactures electronic systems and components worldwide. 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 detection, and explosive and narcotics trace detection systems under the Rapiscan Systems, AS&E, and Gatekeeper names.

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Earnings History for OSI Systems (NASDAQ:OSIS)

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