Wall Street brokerages expect that OSI Systems, Inc. (NASDAQ:OSIS) will report $287.58 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for OSI Systems’ earnings. The lowest sales estimate is $283.33 million and the highest is $293.40 million. OSI Systems reported sales of $277.53 million during the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The business is expected to announce its next earnings report on Thursday, February 7th.

On average, analysts expect that OSI Systems will report full year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.15 billion to $1.16 billion. For the next financial year, analysts forecast that the business will report sales of $1.21 billion, with estimates ranging from $1.20 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow OSI Systems.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 25th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.20. OSI Systems had a positive return on equity of 14.08% and a negative net margin of 2.72%. The business had revenue of $266.25 million for the quarter, compared to analyst estimates of $246.87 million. During the same period last year, the company earned $0.79 EPS.

A number of research firms recently weighed in on OSIS. Zacks Investment Research raised OSI Systems from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, October 30th. B. Riley boosted their price objective on OSI Systems from $81.00 to $92.50 and gave the company a “buy” rating in a research report on Friday, August 24th. BidaskClub upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Finally, Roth Capital boosted their price objective on OSI Systems from $77.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $83.38.

OSIS stock traded up $1.21 on Tuesday, reaching $72.99. 8,098 shares of the company traded hands, compared to its average volume of 116,068. OSI Systems has a one year low of $50.50 and a one year high of $82.94. The company has a quick ratio of 0.70, a current ratio of 1.37 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.28 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97.

In other news, CEO Deepak Chopra sold 3,800 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $73.27, for a total transaction of $278,426.00. Following the sale, the chief executive officer now directly owns 626,423 shares in the company, valued at approximately $45,898,013.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alan I. Edrick sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $72.07, for a total value of $2,882,800.00. Following the sale, the chief financial officer now owns 270,906 shares in the company, valued at $19,524,195.42. The disclosure for this sale can be found here. Insiders have sold a total of 77,478 shares of company stock worth $5,666,907 over the last ninety days. 8.60% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of OSIS. Marshall Wace LLP acquired a new position in OSI Systems during the third quarter worth about $3,745,000. Vanguard Group Inc. increased its holdings in OSI Systems by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,741,981 shares of the technology company’s stock valued at $132,931,000 after buying an additional 25,797 shares during the period. Legal & General Group Plc increased its holdings in OSI Systems by 6.5% in the 3rd quarter. Legal & General Group Plc now owns 39,018 shares of the technology company’s stock valued at $2,978,000 after buying an additional 2,377 shares during the period. TIAA CREF Investment Management LLC increased its holdings in OSI Systems by 28.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 85,463 shares of the technology company’s stock valued at $6,522,000 after buying an additional 18,972 shares during the period. Finally, Resources Management Corp CT ADV bought a new stake in OSI Systems in the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 98.66% 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 and Estimates for OSI Systems (NASDAQ:OSIS)

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