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

OSI Systems (NASDAQ:OSIS) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 8.070- for the period, compared to the consensus earnings per share 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 Up 0.5 %

NASDAQ:OSIS traded up $0.67 during trading hours on Friday, hitting $134.82. The stock had a trading volume of 103,502 shares, compared to its average volume of 93,558. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. OSI Systems has a 1-year low of $102.02 and a 1-year high of $144.11. The business has a 50 day simple moving average of $135.68 and a two-hundred day simple moving average of $127.40. The company has a market cap of $2.30 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $401.99 million. During the same quarter last year, the company earned $1.49 earnings per share. OSI Systems’s revenue for the quarter was up 33.8% on a year-over-year basis. Analysts predict that OSI Systems will post 8.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on OSIS shares. StockNews.com raised shares of OSI Systems from a hold rating to a buy rating in a research report on Friday, April 19th. Roth Mkm increased their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a research report on Friday.

Insider Activity

In other news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction 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 directly 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 firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock worth $6,503,650. 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.