OSI Systems (NASDAQ:OSIS) Issues FY 2024 Earnings Guidance

OSI Systems (NASDAQ:OSIS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 8.070- for the period, compared to the consensus EPS estimate of 8.020. The company issued revenue guidance of $1.5 billion-, compared to the consensus revenue estimate of $1.5 billion. OSI Systems also updated its FY24 guidance to above $8.07 EPS.

OSI Systems Trading Up 0.5 %

OSIS stock traded up $0.67 during mid-day trading on Friday, hitting $134.82. 103,502 shares of the company were exchanged, compared to its average volume of 93,558. The firm has a market capitalization of $2.30 billion, a P/E ratio of 20.46, a PEG ratio of 1.58 and a beta of 0.98. OSI Systems has a 12-month low of $102.02 and a 12-month high of $144.11. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $135.68 and a 200-day simple moving average of $127.40.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. The business had revenue of $405.41 million for the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 earnings per share. On average, equities research analysts predict that OSI Systems will post 8.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on OSIS. Roth Mkm increased their price target on shares of OSI Systems from $169.00 to $172.00 and gave the stock a buy rating in a research report on Friday. StockNews.com raised shares of OSI Systems from a hold rating to a buy rating in a research report on Friday, April 19th.

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the sale, the general counsel now owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the sale, the general counsel now directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $6,503,650 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

OSI Systems Company Profile

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.