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

OSI Systems (NASDAQ:OSIS - Get Free Report) updated its FY 2024 earnings guidance on Thursday. 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OSIS. StockNews.com upgraded OSI Systems from a hold rating to a buy rating in a research note on Friday, April 19th. Roth Mkm lifted their price objective on OSI Systems from $165.00 to $169.00 and gave the company a buy rating in a research note on Friday, January 26th.

OSI Systems Stock Down 4.0 %

OSIS stock traded down $5.56 during trading on Thursday, hitting $134.15. 231,683 shares of the company's stock were exchanged, compared to its average volume of 93,435. The business has a 50-day moving average price of $135.67 and a two-hundred day moving average price of $127.30. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.59 and a beta of 0.98. OSI Systems has a 52-week low of $99.70 and a 52-week high of $144.11. 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 (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.47. The firm had revenue of $373.20 million during the quarter, compared to analysts' expectations of $364.29 million. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm's revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, equities research analysts expect that OSI Systems will post 8.03 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares of the company's stock, valued at $8,218,334.36. The transaction was disclosed in a filing with the SEC, which is available at this link. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares of the company's stock, valued at $8,218,334.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems 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 transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $6,503,650 over the last 90 days. 5.60% of the stock is owned by insiders.

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.