OSI Systems (NASDAQ:OSIS) Announces Earnings Results

OSI Systems (NASDAQ:OSIS) posted its quarterly earnings results on Thursday. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05, Briefing.com reports. The business had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period last year, the company posted $1.49 earnings per share. OSI Systems updated its FY24 guidance to above $8.07 EPS and its FY 2024 guidance to 8.070- EPS.

OSI Systems Stock Up 0.5 %

Shares of NASDAQ OSIS opened at $134.82 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a 50-day moving average price of $135.68 and a 200-day moving average price of $127.44. OSI Systems has a 1 year low of $102.02 and a 1 year high of $144.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.80.

Analyst Ratings Changes

A number of equities research analysts have commented on OSIS shares. Roth Mkm raised their price target on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $6,503,650 over the last three months. 5.60% of the stock is currently owned by 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.