OSI Systems (NASDAQ:OSIS) Announces Earnings Results, Beats Estimates By $0.05 EPS

OSI Systems (NASDAQ:OSIS) announced its earnings results on Thursday. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05, Briefing.com reports. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The business had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. During the same period in the prior year, the company posted $1.49 EPS. The business’s quarterly revenue was up 33.8% on a year-over-year basis. OSI Systems updated its FY24 guidance to above $8.07 EPS and its FY 2024 guidance to 8.070- EPS.

OSI Systems Trading Up 0.5 %

Shares of OSIS stock opened at $134.82 on Friday. The stock’s fifty day moving average is $135.68 and its two-hundred day moving average is $127.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 1.47. The firm has a market capitalization of $2.30 billion, a P/E ratio of 18.54, a PEG ratio of 1.51 and a beta of 0.98. OSI Systems has a fifty-two week low of $102.02 and a fifty-two week high of $144.11.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OSIS. Roth Mkm increased their target price on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was 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 in the company, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now directly 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 can be accessed through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total value 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 90 days, insiders have sold 50,000 shares of company stock worth $6,503,650. Corporate insiders own 5.60% of the company’s stock.

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.