OSI Systems (NASDAQ:OSIS) Releases FY24 Earnings Guidance

OSI Systems (NASDAQ:OSIS) updated its FY24 earnings guidance on Thursday. 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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OSIS. Roth Mkm upped their target price on OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a report on Friday. StockNews.com upgraded OSI Systems from a hold rating to a buy rating in a report on Friday, April 19th.

OSI Systems Stock Up 0.5 %

Shares of NASDAQ OSIS traded up $0.67 during trading hours on Friday, hitting $134.82. The stock had a trading volume of 103,502 shares, compared to its average volume of 93,558. The company has a market capitalization of $2.30 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.58 and a beta of 0.98. The firm’s 50-day moving average price is $135.68 and its two-hundred day moving average price is $127.40. OSI Systems has a 52 week low of $102.02 and a 52 week high of $144.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results 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 business had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. Analysts anticipate that OSI Systems will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the 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 completion of the sale, the general counsel now directly owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $6,503,650 over the last 90 days. 5.60% of the stock is currently owned by company 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.