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

OSI Systems, Inc. (NASDAQ:OSIS) – Equities researchers at B. Riley lifted 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 anticipates that the technology company will post earnings per share of $8.08 for the year, up from their previous estimate 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.

A number of other analysts also recently issued reports on OSIS. Roth Mkm lifted their price target on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com downgraded OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday.

OSI Systems Stock Performance

Shares of OSIS opened at $134.82 on Monday. The company has a market cap of $2.30 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $135.68 and a 200-day moving average price of $127.49. OSI Systems has a 12-month low of $102.02 and a 12-month high of $144.11.

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

Insider Buying and Selling at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of OSI Systems during the third quarter valued at $118,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of OSI Systems during the third quarter valued at $744,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of OSI Systems by 112.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after purchasing an additional 96,641 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in OSI Systems by 20.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,062 shares of the technology company’s stock valued at $361,000 after acquiring an additional 513 shares during the period. Finally, Chatham Capital Group Inc. purchased a new position in OSI Systems in the third quarter worth about $1,730,000. 89.21% of the stock is owned by institutional investors.

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.