OSI Systems (NASDAQ:OSIS) Releases FY24 Earnings Guidance

OSI Systems (NASDAQ:OSIS) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of above $8.07 for the period, compared to the consensus estimate of $8.03. The company issued revenue guidance of above $1.52 billion, compared to the consensus revenue estimate of $1.52 billion. OSI Systems also updated its FY 2024 guidance to 8.070- EPS.

OSI Systems Trading Up 0.5 %

NASDAQ:OSIS traded up $0.67 during midday trading on Friday, hitting $134.82. 103,502 shares of the company traded hands, compared to its average volume of 83,561. The firm’s fifty day moving average is $135.68 and its 200-day moving average is $127.40. OSI Systems has a 12-month low of $102.02 and a 12-month high of $144.11. The firm has a market capitalization of $2.30 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.51 and a beta of 0.98. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.11 by $0.05. The company had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. OSI Systems’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.49 EPS. On average, sell-side analysts predict that OSI Systems will post 8.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Roth Mkm upped their price objective on OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a research report on Friday. StockNews.com downgraded OSI Systems from a buy rating to a hold rating in a research report on Saturday.

Insider Transactions at OSI Systems

In other news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Deepak Chopra sold 20,000 shares of the 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 directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $6,503,650. 5.60% of the stock is currently owned by corporate insiders.

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.