OSI Systems (NASDAQ:OSIS) Updates FY 2024 Earnings Guidance

OSI Systems (NASDAQ:OSIS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.070- for the period, compared to the consensus estimate of 8.020. The company issued revenue guidance of $1.5 billion-, compared to the consensus revenue estimate of $1.5 billion. OSI Systems also updated its FY24 guidance to above $8.07 EPS.

OSI Systems Stock Performance

OSIS traded up $0.67 on Friday, hitting $134.82. 103,502 shares of the company traded hands, compared to its average volume of 83,561. The company has a 50 day moving average of $135.68 and a 200-day moving average of $127.40. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.30 billion, a PE ratio of 18.54, a PEG ratio of 1.51 and a beta of 0.98. OSI Systems has a 12-month low of $102.02 and a 12-month high of $144.11.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data 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 firm had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. Sell-side analysts anticipate that OSI Systems will post 8.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OSIS shares. StockNews.com downgraded OSI Systems from a buy rating to a hold rating in a research note on Saturday. Roth Mkm raised their price objective on OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a research note on Friday.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction 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 transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 over the last quarter. 5.60% of the stock is currently owned by 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.