OSI Systems (NASDAQ:OSIS) Releases Earnings Results, Beats Estimates By $0.05 EPS

OSI Systems (NASDAQ:OSIS - Get Free Report) announced its quarterly earnings data on Thursday. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.05, Briefing.com reports. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $405.41 million for the quarter, compared to analysts' expectations of $401.99 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. OSI Systems's revenue for the quarter was up 33.8% compared to the same quarter last year. OSI Systems updated its FY24 guidance to above $8.07 EPS and its FY 2024 guidance to 8.070- EPS.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded up $0.67 during trading on Friday, hitting $134.82. 103,502 shares of the company traded hands, compared to its average volume of 93,558. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.58 and a beta of 0.98. The business's fifty day moving average is $135.67 and its 200-day moving average is $127.30. OSI Systems has a one year low of $102.02 and a one year high of $144.11. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17.

Insider Activity

In related 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 value of $1,968,300.00. Following the completion of the transaction, the general counsel now directly owns 78,116 shares of the company's stock, valued at approximately $10,250,381.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 value of $1,968,300.00. Following the completion of the transaction, the general counsel now directly owns 78,116 shares of the company's stock, valued at approximately $10,250,381.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares of the company's stock, valued at $60,502,882.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,000 shares of company stock valued at $6,503,650. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OSIS. Roth Mkm upped 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. StockNews.com raised OSI Systems from a "hold" rating to a "buy" rating in a report on Friday, April 19th.

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.