Zacks: Brokerages Anticipate OSI Systems, Inc. (NASDAQ:OSIS) Will Announce Earnings of $1.95 Per Share

Equities research analysts predict that OSI Systems, Inc. (NASDAQ:OSISGet Rating) will announce earnings per share (EPS) of $1.95 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for OSI Systems’ earnings, with the highest EPS estimate coming in at $1.99 and the lowest estimate coming in at $1.90. OSI Systems reported earnings per share of $1.54 during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.6%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that OSI Systems will report full-year earnings of $5.81 per share for the current fiscal year, with EPS estimates ranging from $5.77 to $5.85. For the next year, analysts expect that the business will report earnings of $6.37 per share, with EPS estimates ranging from $6.25 to $6.49. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for OSI Systems.

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

A number of analysts have recently issued reports on OSIS shares. TheStreet cut OSI Systems from a “b” rating to a “c+” rating in a research report on Monday, January 31st. StockNews.com raised OSI Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 15th. Finally, Zacks Investment Research cut OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $121.40.

In other OSI Systems news, General Counsel Victor S. Sze sold 4,786 shares of OSI Systems stock in a transaction on Monday, May 9th. The stock was sold at an average price of $80.17, for a total value of $383,693.62. Following the completion of the transaction, the general counsel now directly owns 84,812 shares of the company’s stock, valued at approximately $6,799,378.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Deepak Chopra sold 5,000 shares of OSI Systems stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $80.66, for a total value of $403,300.00. Following the completion of the transaction, the chief executive officer now directly owns 480,916 shares of the company’s stock, valued at $38,790,684.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,420 shares of company stock valued at $1,565,228. 5.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in OSIS. Moors & Cabot Inc. acquired a new position in OSI Systems in the 3rd quarter valued at $26,000. Marshall Wace North America L.P. bought a new position in shares of OSI Systems in the 1st quarter valued at $35,000. Covestor Ltd bought a new position in shares of OSI Systems in the 4th quarter valued at $43,000. Clearstead Advisors LLC bought a new position in shares of OSI Systems in the 1st quarter valued at $43,000. Finally, Captrust Financial Advisors increased its stake in shares of OSI Systems by 305.6% in the 1st quarter. Captrust Financial Advisors now owns 718 shares of the technology company’s stock valued at $61,000 after purchasing an additional 541 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

OSIS stock traded down $0.64 during mid-day trading on Friday, reaching $80.30. The company had a trading volume of 162,872 shares, compared to its average volume of 93,556. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.17 and a quick ratio of 0.64. The stock has a 50 day simple moving average of $81.63 and a two-hundred day simple moving average of $85.91. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.27 and a beta of 0.75. OSI Systems has a 52 week low of $76.09 and a 52 week high of $102.24.

About OSI Systems (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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