OSI Systems (NASDAQ:OSIS) Issues FY24 Earnings Guidance

OSI Systems (NASDAQ:OSIS) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of above $8.07 for the period, compared to the consensus EPS 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 Trading Up 0.5 %

OSIS stock traded up $0.67 during mid-day trading on Friday, reaching $134.82. 103,502 shares of the stock traded hands, compared to its average volume of 93,558. OSI Systems has a one year low of $102.02 and a one year high of $144.11. The stock has a market capitalization of $2.30 billion, a PE ratio of 20.46, a PEG ratio of 1.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The business has a 50-day moving average price of $135.68 and a two-hundred day moving average price of $127.40.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data 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. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The company had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. Equities research analysts expect that OSI Systems will post 8.03 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on 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 owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the 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 transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the sale, the general counsel now owns 63,116 shares of the company’s stock, 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 in the last 90 days. Insiders own 5.60% of the company’s stock.

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.