Analysts Anticipate OSI Systems, Inc. (NASDAQ:OSIS) Will Post Quarterly Sales of $305.28 Million

Brokerages expect that OSI Systems, Inc. (NASDAQ:OSIS) will announce sales of $305.28 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for OSI Systems’ earnings. The lowest sales estimate is $304.00 million and the highest is $306.90 million. OSI Systems posted sales of $304.28 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The company is expected to announce its next quarterly earnings report on Tuesday, May 5th.

According to Zacks, analysts expect that OSI Systems will report full-year sales of $1.23 billion for the current financial year, with estimates ranging from $1.22 billion to $1.23 billion. For the next year, analysts expect that the firm will report sales of $1.30 billion, with estimates ranging from $1.29 billion to $1.30 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for OSI Systems.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Tuesday, January 28th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.04. The business had revenue of $305.34 million for the quarter, compared to analyst estimates of $316.75 million. OSI Systems’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share.

A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Zacks Investment Research lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, December 26th. Finally, B. Riley reiterated a “buy” rating on shares of OSI Systems in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $119.33.

OSI Systems stock traded down $1.68 during mid-day trading on Tuesday, reaching $89.18. 130,536 shares of the company’s stock were exchanged. OSI Systems has a twelve month low of $84.43 and a twelve month high of $117.21. The company has a fifty day moving average of $96.54 and a 200-day moving average of $100.55.

In other news, CEO Deepak Chopra sold 14,050 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $90.08, for a total value of $1,265,624.00. Following the sale, the chief executive officer now directly owns 505,615 shares in the company, valued at approximately $45,545,799.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ajay Mehra sold 23,107 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $89.98, for a total transaction of $2,079,167.86. Following the completion of the sale, the vice president now owns 52,755 shares in the company, valued at $4,746,894.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,041 shares of company stock worth $3,714,375. 6.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. Prospect Capital Advisors LLC boosted its holdings in shares of OSI Systems by 5.5% in the fourth quarter. Prospect Capital Advisors LLC now owns 97,150 shares of the technology company’s stock valued at $9,787,000 after acquiring an additional 5,100 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of OSI Systems by 168.3% in the fourth quarter. Advisors Asset Management Inc. now owns 7,536 shares of the technology company’s stock valued at $759,000 after acquiring an additional 4,727 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of OSI Systems by 29.7% in the fourth quarter. AQR Capital Management LLC now owns 9,035 shares of the technology company’s stock valued at $910,000 after acquiring an additional 2,069 shares in the last quarter. Blueshift Asset Management LLC boosted its holdings in shares of OSI Systems by 48.5% in the fourth quarter. Blueshift Asset Management LLC now owns 3,470 shares of the technology company’s stock valued at $350,000 after acquiring an additional 1,134 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of OSI Systems by 16.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,365 shares of the technology company’s stock valued at $1,850,000 after acquiring an additional 2,613 shares in the last quarter. Institutional investors and hedge funds own 96.94% of the company’s stock.

OSI Systems Company Profile

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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