Zacks: Brokerages Anticipate OSI Systems, Inc. (NASDAQ:OSIS) Will Announce Earnings of $1.23 Per Share

Analysts expect that OSI Systems, Inc. (NASDAQ:OSIS) will post earnings per share of $1.23 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for OSI Systems’ earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.08. OSI Systems reported earnings of $1.35 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 8.9%. The firm is scheduled to issue its next earnings results on Thursday, January 27th.

According to Zacks, analysts expect that OSI Systems will report full year earnings of $5.82 per share for the current year, with EPS estimates ranging from $5.74 to $5.90. For the next fiscal year, analysts forecast that the firm will report earnings of $6.43 per share, with EPS estimates ranging from $6.00 to $6.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for OSI Systems.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 28th. The technology company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.04. The company had revenue of $279.30 million for the quarter, compared to analysts’ expectations of $270.40 million. OSI Systems had a return on equity of 16.15% and a net margin of 7.15%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share.

A number of analysts have weighed in on OSIS shares. Oppenheimer restated a “buy” rating and set a $120.00 target price on shares of OSI Systems in a report on Friday, October 8th. B. Riley upped their target price on OSI Systems from $118.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Thursday. Finally, Roth Capital increased their price target on OSI Systems from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, OSI Systems has an average rating of “Buy” and a consensus target price of $122.40.

Shares of NASDAQ OSIS traded down $0.88 during trading hours on Thursday, reaching $93.55. The stock had a trading volume of 65,966 shares, compared to its average volume of 91,365. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.49 and a beta of 0.71. The business’s fifty day moving average price is $94.72 and its two-hundred day moving average price is $96.76. OSI Systems has a 52-week low of $87.49 and a 52-week high of $102.24.

In related news, EVP Ajay Mehra sold 3,060 shares of OSI Systems stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $95.56, for a total value of $292,413.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Deepak Chopra sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $94.64, for a total transaction of $2,366,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,780 shares of the company’s stock, valued at approximately $49,759,819.20. The disclosure for this sale can be found here. Insiders sold a total of 80,589 shares of company stock valued at $7,648,147 in the last quarter. 5.70% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Brinker Capital Investments LLC lifted its position in shares of OSI Systems by 4.3% during the 2nd quarter. Brinker Capital Investments LLC now owns 2,517 shares of the technology company’s stock worth $256,000 after purchasing an additional 104 shares during the last quarter. Aurora Investment Counsel lifted its position in shares of OSI Systems by 1.0% during the 3rd quarter. Aurora Investment Counsel now owns 12,392 shares of the technology company’s stock worth $1,175,000 after purchasing an additional 118 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of OSI Systems by 6.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,377 shares of the technology company’s stock worth $242,000 after purchasing an additional 145 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of OSI Systems by 5.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,357 shares of the technology company’s stock worth $342,000 after purchasing an additional 160 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of OSI Systems by 0.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,557 shares of the technology company’s stock worth $2,518,000 after purchasing an additional 177 shares during the last quarter. 94.70% of the stock is owned by institutional investors and hedge funds.

About OSI Systems

OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.

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

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