OSI Systems (NASDAQ:OSIS) Releases FY 2022 Earnings Guidance

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.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Tuesday, August 17th. The technology company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.49 by $0.05. OSI Systems had a return on equity of 16.30% and a net margin of 6.46%. The business had revenue of $332.20 million during the quarter, compared to analyst estimates of $317.41 million. During the same period last year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. Sell-side analysts expect that OSI Systems will post 5.79 earnings per share for the current year.

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

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