Brokerages expect OSI Systems, Inc. (NASDAQ:OSIS) to post $256.16 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for OSI Systems’ earnings. The highest sales estimate is $270.50 million and the lowest is $247.00 million. OSI Systems reported sales of $290.85 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 22nd.
According to Zacks, analysts expect that OSI Systems will report full-year sales of $1.12 billion for the current financial year, with estimates ranging from $1.11 billion to $1.14 billion. For the next fiscal year, analysts expect that the business will post sales of $1.20 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover OSI Systems.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 20th. The technology company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.12. OSI Systems had a return on equity of 15.39% and a net margin of 6.45%. The company had revenue of $277.00 million for the quarter, compared to analyst estimates of $285.13 million. During the same quarter last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis.
A number of equities analysts recently commented on OSIS shares. BidaskClub upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 11th. Zacks Investment Research cut OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 16th. Finally, B. Riley lowered their target price on OSI Systems from $97.00 to $94.00 in a report on Friday, August 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.33.
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Shares of NASDAQ:OSIS opened at $78.77 on Friday. The business has a 50-day moving average price of $73.85 and a 200 day moving average price of $73.93. OSI Systems has a 12-month low of $49.96 and a 12-month high of $107.70. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.68 and a beta of 0.90. The company has a current ratio of 1.87, a quick ratio of 1.14 and a debt-to-equity ratio of 0.47.
In other news, insider Malcolm Peter Maginnis sold 3,388 shares of OSI Systems stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $77.90, for a total value of $263,925.20. Following the completion of the transaction, the insider now owns 14,854 shares in the company, valued at approximately $1,157,126.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of OSIS. Marshall Wace North America L.P. purchased a new stake in OSI Systems during the first quarter worth approximately $35,000. Texas Permanent School Fund lifted its stake in OSI Systems by 23.8% during the first quarter. Texas Permanent School Fund now owns 14,459 shares of the technology company’s stock worth $997,000 after purchasing an additional 2,782 shares during the last quarter. Comerica Bank lifted its stake in OSI Systems by 3.7% during the first quarter. Comerica Bank now owns 16,655 shares of the technology company’s stock worth $1,217,000 after purchasing an additional 588 shares during the last quarter. SG Americas Securities LLC lifted its stake in OSI Systems by 60.8% during the first quarter. SG Americas Securities LLC now owns 4,516 shares of the technology company’s stock worth $311,000 after purchasing an additional 1,708 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in OSI Systems by 12.3% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 40,123 shares of the technology company’s stock worth $2,765,000 after purchasing an additional 4,410 shares during the last quarter. Hedge funds and other institutional investors own 92.57% of the company’s stock.
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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