OSI Systems (NASDAQ:OSIS) Updates FY24 Earnings Guidance

OSI Systems (NASDAQ:OSIS) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of above $8.07 for the period, compared to the consensus earnings per share 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.

OSI Systems Price Performance

NASDAQ OSIS traded up $0.67 during trading on Friday, reaching $134.82. The company’s stock had a trading volume of 103,502 shares, compared to its average volume of 93,558. The stock has a market capitalization of $2.30 billion, a PE ratio of 20.46, a P/E/G ratio of 1.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.43 and a quick ratio of 0.80. The firm has a fifty day moving average of $135.68 and a 200 day moving average of $127.40. OSI Systems has a one year low of $102.02 and a one year high of $144.11.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. Analysts expect that OSI Systems will post 8.03 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction dated 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 directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction dated 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 directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $6,503,650 in the last ninety days. 5.60% of the stock is owned by company 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.