OSI Systems (NASDAQ:OSIS) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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

OSI Systems Price Performance

OSIS stock traded up $0.85 on Friday, reaching $135.00. The company had a trading volume of 24,818 shares, compared to its average volume of 92,524. The company’s fifty day moving average is $135.67 and its 200 day moving average is $127.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The company has a market cap of $2.30 billion, a P/E ratio of 20.14, a PEG ratio of 1.58 and a beta of 0.98. OSI Systems has a 1 year low of $102.02 and a 1 year high of $144.11.

Insider Buying and Selling

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were 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 directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following 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. In the last ninety days, insiders have sold 50,000 shares of company stock valued at $6,503,650. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Roth Mkm increased their target price on OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, January 26th.

About OSI Systems

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.