FY2024 Earnings Estimate for OSI Systems, Inc. (NASDAQ:OSIS) Issued By B. Riley

OSI Systems, Inc. (NASDAQ:OSIS) – Stock analysts at B. Riley boosted their FY2024 earnings per share (EPS) estimates for shares of OSI Systems in a report released on Friday, April 26th. B. Riley analyst J. Nichols now expects that the technology company will post earnings per share of $8.08 for the year, up from their prior forecast of $8.04. The consensus estimate for OSI Systems’ current full-year earnings is $8.08 per share. B. Riley also issued estimates for OSI Systems’ FY2025 earnings at $8.50 EPS.

Other equities analysts have also issued research reports about the company. StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Roth Mkm lifted their price objective on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday.

OSI Systems Stock Performance

Shares of OSIS stock opened at $134.82 on Monday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.80. The business has a fifty day moving average of $135.68 and a 200 day moving average of $127.49. 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 earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $405.41 million during the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS.

Institutional Investors Weigh In On OSI Systems

Institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of OSI Systems by 27.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of OSI Systems by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock valued at $503,000 after buying an additional 178 shares during the period. Global Retirement Partners LLC raised its position in shares of OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after buying an additional 194 shares during the period. Bridge City Capital LLC raised its position in shares of OSI Systems by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after buying an additional 194 shares during the period. Finally, West Paces Advisors Inc. purchased a new stake in shares of OSI Systems during the 1st quarter valued at approximately $28,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the sale, the general counsel now directly owns 63,116 shares in the company, valued at approximately $8,218,334.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Wednesday, January 31st. The stock was 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 in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the sale, the general counsel now owns 63,116 shares in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. 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.