OSI Systems, Inc. (OSIS) Expected to Announce Earnings of $0.88 Per Share
Equities analysts forecast that OSI Systems, Inc. (NASDAQ:OSIS) will report earnings per share (EPS) of $0.88 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for OSI Systems’ earnings. The highest EPS estimate is $0.93 and the lowest is $0.82. OSI Systems posted earnings of $0.68 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The firm is scheduled to announce its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that OSI Systems will report full-year earnings of $3.47 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.50. For the next year, analysts anticipate that the firm will post earnings of $3.81 per share, with EPS estimates ranging from $3.75 to $3.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for OSI Systems.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.08. The business had revenue of $257.13 million during the quarter, compared to the consensus estimate of $248.52 million. OSI Systems had a return on equity of 11.68% and a net margin of 3.06%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS.
OSIS has been the subject of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and set a $85.00 price target on shares of OSI Systems in a research note on Wednesday, August 9th. BidaskClub raised OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th. B. Riley reaffirmed a “buy” rating and set a $92.00 price objective (up from $87.00) on shares of OSI Systems in a research report on Tuesday, August 22nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $97.00 price objective on shares of OSI Systems in a research report on Tuesday, August 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.80.
Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors lifted its position in shares of OSI Systems by 0.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after buying an additional 74 shares in the last quarter. California Public Employees Retirement System lifted its holdings in OSI Systems by 0.3% in the 1st quarter. California Public Employees Retirement System now owns 32,900 shares of the technology company’s stock worth $2,401,000 after purchasing an additional 100 shares in the last quarter. Advisor Group Inc. lifted its holdings in OSI Systems by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after purchasing an additional 104 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in OSI Systems by 0.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,351 shares of the technology company’s stock worth $1,379,000 after purchasing an additional 112 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in OSI Systems by 3.7% in the 2nd quarter. Stifel Financial Corp now owns 3,767 shares of the technology company’s stock worth $283,000 after purchasing an additional 136 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of OSI Systems (NASDAQ:OSIS) opened at $88.96 on Thursday. The stock has a market capitalization of $1,708.30, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. OSI Systems has a 52 week low of $69.08 and a 52 week high of $96.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.52.
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About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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