Roth Capital Weighs in on OSI Systems, Inc.’s FY2024 Earnings (NASDAQ:OSIS)

OSI Systems, Inc. (NASDAQ:OSIS) – Equities research analysts at Roth Capital lifted their FY2024 earnings per share estimates for OSI Systems in a research report issued on Friday, April 26th. Roth Capital analyst J. Martin now expects that the technology company will post earnings per share of $8.08 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.

Other equities analysts have also issued reports about the company. Roth Mkm raised their price target on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a 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

NASDAQ:OSIS opened at $134.82 on Monday. 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 simple moving average of $135.68 and a two-hundred day simple moving average of $127.49. OSI Systems has a 1 year low of $102.02 and a 1 year high of $144.11. The company has a market capitalization of $2.30 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.52 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $401.99 million. During the same period last year, the business posted $1.49 earnings per share. OSI Systems’s revenue was up 33.8% on a year-over-year basis.

Insider Transactions at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the business’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 approximately $8,218,334.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s 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 of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 directly owns 63,116 shares in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after acquiring an additional 107,383 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in OSI Systems by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock valued at $105,780,000 after acquiring an additional 18,298 shares during the period. Neumeier Poma Investment Counsel LLC raised its holdings in OSI Systems by 1.7% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 369,200 shares of the technology company’s stock valued at $43,580,000 after acquiring an additional 6,265 shares during the period. Primecap Management Co. CA grew its position in shares of OSI Systems by 2.2% during the fourth quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock valued at $36,805,000 after purchasing an additional 6,210 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of OSI Systems by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock valued at $27,303,000 after purchasing an additional 1,722 shares in the last quarter. 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.