OSI Systems (OSIS) Set to Announce Earnings on Thursday

OSI Systems (NASDAQ:OSIS) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect OSI Systems to post earnings of $2.11 per share for the quarter.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. The business had revenue of $373.20 million for the quarter, compared to analyst estimates of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. On average, analysts expect OSI Systems to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

OSI Systems Stock Up 1.2 %

Shares of OSIS stock traded up $1.65 during trading on Thursday, reaching $136.40. The company’s stock had a trading volume of 12,250 shares, compared to its average volume of 90,620. The business has a fifty day moving average price of $135.47 and a 200-day moving average price of $126.55. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. OSI Systems has a one year low of $99.11 and a one year high of $144.11.

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. In other OSI Systems 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 transaction, 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 filing with the SEC, which is available through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of 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. Over the last three months, insiders have sold 50,000 shares of company stock worth $6,503,650. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently modified their holdings of OSIS. Envestnet Asset Management Inc. increased its holdings in shares of OSI Systems by 7,525.3% in the first quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock valued at $332,000 after purchasing an additional 443,389 shares during the last quarter. Norges Bank acquired a new position in shares of OSI Systems in the fourth quarter valued at about $14,044,000. Vanguard Group Inc. grew its stake in shares of OSI Systems by 5.4% in the fourth 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. JPMorgan Chase & Co. grew its stake in shares of OSI Systems by 15.1% in the first quarter. JPMorgan Chase & Co. now owns 407,770 shares of the technology company’s stock valued at $41,739,000 after acquiring an additional 53,343 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of OSI Systems by 58.0% in the second quarter. Goldman Sachs Group Inc. now owns 98,017 shares of the technology company’s stock valued at $8,374,000 after acquiring an additional 35,964 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OSIS shares. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Roth Mkm boosted their target price on shares of OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

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.