Zacks: Brokerages Anticipate OSI Systems, Inc. (NASDAQ:OSIS) Will Post Quarterly Sales of $316.83 Million

Wall Street brokerages forecast that OSI Systems, Inc. (NASDAQ:OSIS) will report sales of $316.83 million for the current quarter, according to Zacks. Three analysts have provided estimates for OSI Systems’ earnings, with estimates ranging from $314.90 million to $319.00 million. OSI Systems reported sales of $303.21 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The firm is expected to report its next quarterly earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that OSI Systems will report full-year sales of $1.25 billion for the current year. For the next financial year, analysts anticipate that the company will post sales of $1.32 billion, with estimates ranging from $1.31 billion to $1.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for OSI Systems.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. OSI Systems had a return on equity of 15.64% and a net margin of 6.31%. The business had revenue of $290.90 million during the quarter, compared to analysts’ expectations of $281.26 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Thursday, August 29th. B. Riley set a $119.00 price target on OSI Systems and gave the company a “buy” rating in a research note on Monday, October 21st. ValuEngine cut OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub cut OSI Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $112.00.

In related news, CEO Deepak Chopra sold 30,550 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $2,942,576.00. Following the completion of the sale, the chief executive officer now owns 506,459 shares of the company’s stock, valued at $48,782,130.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deborah Lee Cegielski sold 268 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $96.69, for a total value of $25,912.92. Following the sale, the senior vice president now directly owns 2,711 shares of the company’s stock, valued at approximately $262,126.59. The disclosure for this sale can be found here. Insiders have sold 125,768 shares of company stock valued at $12,987,091 in the last ninety days. 6.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSIS. Usca Ria LLC acquired a new stake in OSI Systems during the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC grew its stake in OSI Systems by 267.8% during the third quarter. Flagship Harbor Advisors LLC now owns 331 shares of the technology company’s stock worth $33,000 after purchasing an additional 241 shares during the period. Marshall Wace North America L.P. acquired a new stake in OSI Systems during the first quarter worth approximately $35,000. Vigilant Capital Management LLC acquired a new stake in OSI Systems during the second quarter worth approximately $38,000. Finally, Advisors Preferred LLC acquired a new stake in OSI Systems during the second quarter worth approximately $38,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Shares of OSIS stock opened at $96.50 on Tuesday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.62 and a beta of 0.82. The stock has a 50-day moving average of $99.30 and a 200-day moving average of $104.98. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. OSI Systems has a 1-year low of $68.58 and a 1-year high of $117.21.

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 and Estimates for OSI Systems (NASDAQ:OSIS)

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