OSI Systems, Inc. to Post Q1 2023 Earnings of $1.24 Per Share, Oppenheimer Forecasts (NASDAQ:OSIS)

OSI Systems, Inc. (NASDAQ:OSISGet Rating) – Stock analysts at Oppenheimer issued their Q1 2023 EPS estimates for shares of OSI Systems in a report released on Monday, May 2nd. Oppenheimer analyst C. Glynn anticipates that the technology company will earn $1.24 per share for the quarter. Oppenheimer also issued estimates for OSI Systems’ Q2 2023 earnings at $1.36 EPS, Q3 2023 earnings at $1.61 EPS, Q4 2023 earnings at $2.19 EPS and FY2023 earnings at $6.40 EPS.

Several other research analysts have also recently weighed in on OSIS. TheStreet cut OSI Systems from a “b” rating to a “c+” rating in a research note on Monday, January 31st. Zacks Investment Research lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. Finally, StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Friday, April 29th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $121.40.

OSIS opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.64 and a current ratio of 1.17. The company has a market capitalization of $1.39 billion, a PE ratio of 13.24, a P/E/G ratio of 1.24 and a beta of 0.75. The stock’s fifty day moving average is $81.66 and its 200-day moving average is $87.03. OSI Systems has a one year low of $76.09 and a one year high of $102.24.

OSI Systems (NASDAQ:OSISGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The technology company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.04. The business had revenue of $290.48 million for the quarter, compared to analyst estimates of $287.76 million. OSI Systems had a net margin of 9.12% and a return on equity of 15.74%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $1.38 earnings per share.

Institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. acquired a new stake in OSI Systems during the 3rd quarter valued at $26,000. Marshall Wace North America L.P. purchased a new position in shares of OSI Systems during the first quarter valued at $35,000. Covestor Ltd acquired a new position in OSI Systems during the fourth quarter valued at $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in OSI Systems by 32.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the technology company’s stock worth $214,000 after acquiring an additional 561 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in OSI Systems during the 3rd quarter worth about $218,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

In related news, General Counsel Victor S. Sze sold 11,402 shares of OSI Systems stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $80.14, for a total value of $913,756.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.70% of the company’s stock.

OSI Systems Company Profile (Get Rating)

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, radiation detection, hold baggage and people screening, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Earnings History and Estimates for OSI Systems (NASDAQ:OSIS)

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