OSI Systems (NASDAQ:OSIS) Posts Earnings Results, Beats Expectations By $0.09 EPS

OSI Systems (NASDAQ:OSIS) announced its quarterly earnings data on Monday. The technology company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.09, Briefing.com reports. The firm had revenue of $308.38 million for the quarter, compared to analyst estimates of $304.13 million. OSI Systems had a net margin of 5.48% and a return on equity of 16.06%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. OSI Systems updated its FY20 guidance to $4.58-4.80 EPS.

OSIS opened at $106.38 on Thursday. OSI Systems has a twelve month low of $67.15 and a twelve month high of $117.21. 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 company has a 50-day moving average price of $108.63 and a 200 day moving average price of $99.94. The company has a market cap of $1.83 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87.

Several equities research analysts have commented on OSIS shares. B. Riley upped their price target on shares of OSI Systems from $113.00 to $119.00 and gave the company a “buy” rating in a report on Tuesday. Roth Capital upped their price target on shares of OSI Systems from $97.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Thursday. Finally, BidaskClub lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 24th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $112.00.



In related news, insider Deepak Chopra sold 35,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $106.54, for a total transaction of $3,728,900.00. Following the completion of the transaction, the insider now owns 549,530 shares in the company, valued at approximately $58,546,926.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ajay Mehra sold 2,668 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.98, for a total transaction of $266,746.64. Following the transaction, the insider now owns 124,659 shares of the company’s stock, valued at approximately $12,463,406.82. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new position in shares of OSI Systems during the 2nd quarter worth about $5,560,000. Vigilant Capital Management LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth about $38,000. Pasadena Private Wealth LLC acquired a new position in shares of OSI Systems during the 1st quarter worth about $423,000. ClariVest Asset Management LLC acquired a new position in shares of OSI Systems during the 1st quarter worth about $9,585,000. Finally, First Hawaiian Bank raised its position in shares of OSI Systems by 3.4% during the 2nd quarter. First Hawaiian Bank now owns 3,372 shares of the technology company’s stock worth $380,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 96.84% of the company’s stock.

OSI Systems Company Profile

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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Earnings History for OSI Systems (NASDAQ:OSIS)

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