Zacks: Analysts Expect OSI Systems, Inc. (OSIS) Will Announce Earnings of $0.94 Per Share

Wall Street brokerages expect OSI Systems, Inc. (NASDAQ:OSIS) to report $0.94 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for OSI Systems’ earnings. The lowest EPS estimate is $0.90 and the highest is $0.97. OSI Systems reported earnings of $0.97 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The firm is scheduled to announce its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that OSI Systems will report full year earnings of $3.90 per share for the current year, with EPS estimates ranging from $3.85 to $3.95. For the next year, analysts anticipate that the firm will report earnings of $4.09 per share, with EPS estimates ranging from $4.00 to $4.17. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover OSI Systems.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, October 25th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.20. The business had revenue of $266.25 million during the quarter, compared to the consensus estimate of $246.87 million. OSI Systems had a negative net margin of 2.72% and a positive return on equity of 14.08%. During the same quarter in the previous year, the firm posted $0.79 EPS.

A number of analysts have issued reports on OSIS shares. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, August 28th. Roth Capital boosted their target price on shares of OSI Systems from $77.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, August 24th. B. Riley boosted their target price on shares of OSI Systems from $81.00 to $92.50 and gave the stock a “buy” rating in a report on Friday, August 24th. Finally, BidaskClub upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.38.

In other news, CFO Alan I. Edrick sold 40,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $72.07, for a total value of $2,882,800.00. Following the sale, the chief financial officer now directly owns 270,906 shares in the company, valued at approximately $19,524,195.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Deepak Chopra sold 25,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $74.90, for a total transaction of $1,872,500.00. Following the completion of the sale, the insider now owns 630,223 shares in the company, valued at $47,203,702.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,478 shares of company stock worth $5,666,907. Insiders own 8.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. acquired a new position in OSI Systems during the second quarter valued at approximately $382,000. Massachusetts Financial Services Co. MA boosted its position in OSI Systems by 14.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 231,696 shares of the technology company’s stock valued at $17,917,000 after purchasing an additional 29,869 shares during the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of OSI Systems in the second quarter valued at approximately $232,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of OSI Systems in the second quarter valued at approximately $278,000. Finally, Mackay Shields LLC acquired a new stake in shares of OSI Systems in the second quarter valued at approximately $572,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Shares of OSIS traded up $0.88 during trading hours on Friday, reaching $72.66. 220,031 shares of the stock traded hands, compared to its average volume of 118,278. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.70 and a current ratio of 1.37. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97. OSI Systems has a 52-week low of $50.50 and a 52-week high of $82.94.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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