OSI Systems (NASDAQ:OSIS) Issues Earnings Results, Beats Estimates By $0.05 EPS

OSI Systems (NASDAQ:OSIS) announced its earnings results on Thursday. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05, Briefing.com reports. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. OSI Systems updated its FY24 guidance to above $8.07 EPS and its FY 2024 guidance to 8.070- EPS.

OSI Systems Stock Up 0.1 %

NASDAQ:OSIS traded up $0.18 during trading hours on Friday, hitting $134.33. 40,796 shares of the stock traded hands, compared to its average volume of 92,772. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.58 and a beta of 0.98. The firm has a 50 day moving average price of $135.67 and a 200 day moving average price of $127.30. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. OSI Systems has a fifty-two week low of $102.02 and a fifty-two week high of $144.11.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OSIS shares. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Roth Mkm increased their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a report on Friday.

Insider Activity

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of the firm’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 transaction of $2,582,200.00. Following the transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 in the last 90 days. Company insiders own 5.60% of the company’s stock.

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.