Equities analysts expect that OSI Systems, Inc. (NASDAQ:OSIS) will announce sales of $246.87 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for OSI Systems’ earnings, with the lowest sales estimate coming in at $244.50 million and the highest estimate coming in at $251.10 million. OSI Systems posted sales of $257.13 million during the same quarter last year, which would indicate a negative year over year growth rate of 4%. The business is scheduled to issue its next earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that OSI Systems will report full-year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts forecast that the firm will post sales of $1.21 billion, with estimates ranging from $1.20 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow OSI Systems.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, August 23rd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. OSI Systems had a negative net margin of 2.67% and a positive return on equity of 13.55%. The company had revenue of $287.33 million during the quarter, compared to the consensus estimate of $274.13 million. During the same period in the prior year, the firm earned $1.02 earnings per share. OSI Systems’s revenue was up 13.8% on a year-over-year basis.

A number of research firms recently issued reports on OSIS. BidaskClub downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, August 28th. Roth Capital upped their price objective on shares of OSI Systems from $77.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, August 24th. B. Riley upped their price objective on shares of OSI Systems from $81.00 to $92.50 and gave the stock a “buy” rating in a report on Friday, August 24th. Finally, Sidoti restated a “neutral” rating on shares of OSI Systems in a report on Thursday, June 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $84.38.

In other OSI Systems news, Director Steven C. Good sold 4,500 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $76.86, for a total value of $345,870.00. Following the sale, the director now owns 22,339 shares in the company, valued at $1,716,975.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ajay Mehra sold 14,572 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $73.54, for a total transaction of $1,071,624.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,072 shares of company stock worth $3,289,995. Corporate insiders own 7.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its holdings in OSI Systems by 11.0% in the second quarter. Janus Henderson Group PLC now owns 1,480,180 shares of the technology company’s stock worth $114,462,000 after purchasing an additional 147,278 shares during the period. Earnest Partners LLC grew its holdings in shares of OSI Systems by 0.4% during the second quarter. Earnest Partners LLC now owns 1,189,296 shares of the technology company’s stock valued at $91,968,000 after buying an additional 4,986 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of OSI Systems by 8.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 402,100 shares of the technology company’s stock valued at $31,095,000 after buying an additional 30,000 shares during the last quarter. Granahan Investment Management Inc. MA grew its holdings in shares of OSI Systems by 13.7% during the second quarter. Granahan Investment Management Inc. MA now owns 354,561 shares of the technology company’s stock valued at $27,418,000 after buying an additional 42,716 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of OSI Systems by 14.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 231,696 shares of the technology company’s stock valued at $17,917,000 after buying an additional 29,869 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.

OSIS stock traded down $0.79 during trading on Wednesday, reaching $70.87. The company had a trading volume of 65,222 shares, compared to its average volume of 96,160. OSI Systems has a 52 week low of $50.50 and a 52 week high of $95.89. The company has a market cap of $1.30 billion, a P/E ratio of 19.63, a PEG ratio of 1.48 and a beta of 0.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 0.76.

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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