OSI Systems, Inc. (NASDAQ:OSIS) – Equities researchers at Jefferies Group lowered their FY2020 earnings per share estimates for OSI Systems in a research report issued on Friday. Jefferies Group analyst S. Kahyaoglu now anticipates that the technology company will earn $3.90 per share for the year, down from their previous forecast of $4.05. Jefferies Group has a “Hold” rating and a $70.00 price objective on the stock.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $277.53 million during the quarter, compared to analyst estimates of $263.77 million. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share.
OSIS has been the subject of a number of other reports. Zacks Investment Research lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. BidaskClub raised shares of OSI Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. B. Riley reissued a “buy” rating and issued a $108.00 price target on shares of OSI Systems in a research report on Tuesday, October 24th. Finally, TheStreet lowered shares of OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.80.
Shares of OSI Systems (OSIS) opened at $54.60 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1,035.68, a P/E ratio of 15.04, a PEG ratio of 1.15 and a beta of 0.88. OSI Systems has a 52-week low of $50.50 and a 52-week high of $96.64.
A number of large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its holdings in OSI Systems by 0.6% in the second quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock worth $924,000 after buying an additional 74 shares during the last quarter. Advisor Group Inc. increased its holdings in OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after buying an additional 104 shares during the last quarter. Stifel Financial Corp increased its holdings in OSI Systems by 3.7% in the second quarter. Stifel Financial Corp now owns 3,767 shares of the technology company’s stock worth $283,000 after buying an additional 136 shares during the last quarter. Macquarie Group Ltd. increased its holdings in OSI Systems by 0.3% in the second quarter. Macquarie Group Ltd. now owns 71,129 shares of the technology company’s stock worth $5,345,000 after buying an additional 192 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in OSI Systems by 1.6% in the third quarter. Rhumbline Advisers now owns 36,312 shares of the technology company’s stock worth $3,318,000 after buying an additional 560 shares during the last quarter.
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About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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