Equities analysts expect OSI Systems, Inc. (NASDAQ:OSIS) to report earnings of $1.04 per share for the current quarter, according to Zacks. Three analysts have provided estimates for OSI Systems’ earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $1.03. OSI Systems reported earnings per share of $1.02 during the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Thursday, August 22nd.
According to Zacks, analysts expect that OSI Systems will report full year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.26. For the next fiscal year, analysts anticipate that the company will report earnings of $4.57 per share, with EPS estimates ranging from $4.49 to $4.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow OSI Systems.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.23. OSI Systems had a return on equity of 15.66% and a net margin of 4.59%. The business had revenue of $304.30 million for the quarter, compared to analyst estimates of $289.15 million. During the same period last year, the company earned $0.86 EPS. The firm’s revenue was up 13.8% on a year-over-year basis.
In other OSI Systems news, CFO Alan I. Edrick sold 10,000 shares of OSI Systems stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,031,300.00. Following the transaction, the chief financial officer now directly owns 211,066 shares in the company, valued at $21,767,236.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Victor S. Sze sold 20,000 shares of OSI Systems stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $104.17, for a total value of $2,083,400.00. Following the transaction, the general counsel now owns 153,404 shares in the company, valued at $15,980,094.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,074 shares of company stock worth $15,799,581. Corporate insiders own 8.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Connable Office Inc. increased its holdings in shares of OSI Systems by 2.7% during the first quarter. Connable Office Inc. now owns 4,495 shares of the technology company’s stock worth $394,000 after buying an additional 117 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in OSI Systems by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,538 shares of the technology company’s stock valued at $573,000 after purchasing an additional 118 shares during the period. Piedmont Investment Advisors Inc. lifted its position in OSI Systems by 3.6% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,016 shares of the technology company’s stock valued at $294,000 after purchasing an additional 141 shares during the period. Metropolitan Life Insurance Co NY lifted its position in OSI Systems by 2.9% during the first quarter. Metropolitan Life Insurance Co NY now owns 5,236 shares of the technology company’s stock valued at $458,000 after purchasing an additional 150 shares during the period. Finally, Advisor Group Inc. increased its holdings in OSI Systems by 9.9% during the fourth quarter. Advisor Group Inc. now owns 1,706 shares of the technology company’s stock valued at $126,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 99.66% of the company’s stock.
Shares of NASDAQ:OSIS traded down $2.23 during midday trading on Friday, hitting $102.34. The company had a trading volume of 255,578 shares, compared to its average volume of 159,365. OSI Systems has a 12 month low of $66.70 and a 12 month high of $106.15. The company has a quick ratio of 0.85, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.88 billion, a P/E ratio of 28.74, a P/E/G ratio of 1.97 and a beta of 1.11.
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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