OSI Systems, Inc. (OSIS) Expected to Post Quarterly Sales of $290.13 Million

Equities research analysts expect OSI Systems, Inc. (NASDAQ:OSIS) to post sales of $290.13 million for the current quarter, Zacks reports. Three analysts have made estimates for OSI Systems’ earnings, with the highest sales estimate coming in at $296.30 million and the lowest estimate coming in at $285.09 million. OSI Systems posted sales of $267.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that OSI Systems will report full-year sales of $1.16 billion for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow OSI Systems.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.23. OSI Systems had a return on equity of 14.93% and a net margin of 3.22%. The company had revenue of $303.21 million during the quarter, compared to analyst estimates of $287.18 million. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year.

A number of brokerages have recently commented on OSIS. BidaskClub upgraded OSI Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Zacks Investment Research lowered OSI Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 28th. TheStreet upgraded OSI Systems from a “c” rating to a “b” rating in a report on Friday, January 25th. Roth Capital upped their price target on OSI Systems from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, January 25th. Finally, B. Riley upped their price target on OSI Systems to $98.00 and gave the stock a “buy” rating in a report on Friday, January 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. OSI Systems presently has a consensus rating of “Hold” and an average target price of $96.00.

In other news, insider Deepak Chopra sold 69,574 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $87.85, for a total transaction of $6,112,075.90. Following the sale, the insider now directly owns 593,457 shares in the company, valued at $52,135,197.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $89.14, for a total value of $60,169.50. Following the sale, the director now owns 7,343 shares in the company, valued at $654,555.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,657 shares of company stock worth $13,682,447. 8.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. Norges Bank bought a new stake in shares of OSI Systems during the fourth quarter valued at approximately $20,676,000. Lord Abbett & CO. LLC bought a new stake in shares of OSI Systems during the fourth quarter valued at approximately $12,841,000. Intrinsic Edge Capital Management LLC bought a new stake in OSI Systems in the fourth quarter valued at $10,392,000. Massachusetts Financial Services Co. MA grew its position in OSI Systems by 21.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 305,537 shares of the technology company’s stock valued at $22,396,000 after acquiring an additional 53,035 shares during the period. Finally, Marshall Wace LLP bought a new stake in OSI Systems in the third quarter valued at $3,745,000. Institutional investors and hedge funds own 98.63% of the company’s stock.

Shares of OSIS stock opened at $86.50 on Friday. OSI Systems has a 12 month low of $62.20 and a 12 month high of $91.19. The company has a market cap of $1.56 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 0.78.

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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Earnings History and Estimates for OSI Systems (NASDAQ:OSIS)

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