OSI Systems, Inc. (NASDAQ:OSIS) to Post FY2024 Earnings of $8.08 Per Share, Roth Capital Forecasts

OSI Systems, Inc. (NASDAQ:OSIS) – Equities research analysts at Roth Capital increased their FY2024 earnings per share estimates for OSI Systems in a research note issued to investors on Friday, April 26th. Roth Capital analyst J. Martin now forecasts that the technology company will earn $8.08 per share for the year, up from their prior estimate of $8.01. The consensus estimate for OSI Systems’ current full-year earnings is $8.08 per share. Roth Capital also issued estimates for OSI Systems’ Q4 2024 earnings at $2.78 EPS and FY2025 earnings at $8.69 EPS.

A number of other research analysts have also weighed in on the stock. Oppenheimer raised their price target on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday. StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Roth Mkm increased 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 Trading Up 1.0 %

Shares of OSIS stock opened at $136.13 on Monday. OSI Systems has a 1-year low of $103.04 and a 1-year high of $144.11. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 18.72, a PEG 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 0.89. The stock has a 50 day simple moving average of $135.71 and a 200-day simple moving average of $127.61.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The company had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. During the same period last year, the business earned $1.49 earnings per share. OSI Systems’s quarterly revenue was up 33.8% on a year-over-year basis.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the company’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 completion of the sale, the chief executive officer now 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 can be accessed through the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on 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 $60,502,882.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’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 transaction, 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. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of OSI Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. West Paces Advisors Inc. acquired a new stake in shares of OSI Systems during the first quarter valued at about $28,000. Global Retirement Partners LLC lifted its holdings in OSI Systems by 1,021.1% in the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after purchasing an additional 194 shares during the period. Quest Partners LLC bought a new stake in OSI Systems during the fourth quarter worth approximately $53,000. Parkside Financial Bank & Trust lifted its holdings in shares of OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after buying an additional 90 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

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.