OSI Systems (NASDAQ:OSIS) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.720-$6.000 for the period, compared to the Thomson Reuters consensus estimate of $5.590. The company issued revenue guidance of $1.19 billion-$1.23 billion, compared to the consensus revenue estimate of $1.21 billion.
OSIS has been the subject of several analyst reports. Zacks Investment Research upgraded OSI Systems from a hold rating to a buy rating and set a $110.00 price objective for the company in a research report on Friday, August 27th. B. Riley increased their price objective on OSI Systems from $118.00 to $120.00 and gave the stock a buy rating in a research report on Friday, August 20th. Oppenheimer increased their price objective on OSI Systems from $112.00 to $120.00 and gave the stock an outperform rating in a research report on Wednesday, August 11th. Roth Capital increased their price objective on OSI Systems from $122.00 to $126.00 and gave the stock a buy rating in a research report on Thursday, August 19th. Finally, Imperial Capital initiated coverage on OSI Systems in a research report on Monday, July 26th. They issued an outperform rating and a $140.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OSI Systems currently has a consensus rating of Buy and an average price target of $119.83.
OSIS opened at $93.30 on Wednesday. OSI Systems has a 52 week low of $76.19 and a 52 week high of $102.24. The business has a fifty day simple moving average of $98.12 and a 200-day simple moving average of $97.62. The firm has a market cap of $1.67 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.82 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 2.06 and a debt-to-equity ratio of 0.43.
In other OSI Systems news, EVP Ajay Mehra sold 7,921 shares of the firm’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $97.29, for a total value of $770,634.09. Following the sale, the executive vice president now directly owns 43,947 shares in the company, valued at $4,275,603.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Glenn Grindstaff sold 355 shares of the firm’s stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $97.40, for a total value of $34,577.00. Following the completion of the sale, the insider now owns 3,971 shares in the company, valued at $386,775.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,529 shares of company stock worth $5,046,483. Insiders own 6.60% of the company’s stock.
OSI Systems Company Profile
OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The company 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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