Brokerages Anticipate OSI Systems, Inc. (OSIS) to Post $0.70 EPS
Equities research analysts expect OSI Systems, Inc. (NASDAQ:OSIS) to report $0.70 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for OSI Systems’ earnings. The highest EPS estimate is $0.73 and the lowest is $0.68. OSI Systems reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 59.1%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that OSI Systems will report full year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.47. For the next financial year, analysts forecast that the business will report earnings of $4.30 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for OSI Systems.
OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, August 24th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.93 by $0.09. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The business had revenue of $252.40 million for the quarter, compared to the consensus estimate of $253.58 million. During the same period last year, the business posted $0.55 EPS. The company’s revenue was up 14.0% on a year-over-year basis.
Several analysts recently weighed in on OSIS shares. TheStreet upgraded OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. BidaskClub upgraded OSI Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC restated a “buy” rating and set a $85.00 target price on shares of OSI Systems in a research note on Wednesday, August 9th. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Friday, May 26th. Finally, Sidoti initiated coverage on OSI Systems in a report on Wednesday, May 24th. They issued a “buy” rating and a $99.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $91.43.
Shares of OSI Systems (NASDAQ:OSIS) opened at 83.41 on Friday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 77.95 and a beta of 0.75. OSI Systems has a 12-month low of $62.22 and a 12-month high of $86.14. The firm’s 50-day moving average price is $80.61 and its 200 day moving average price is $76.61.
Several large investors have recently bought and sold shares of OSIS. BlackRock Inc. boosted its position in shares of OSI Systems by 51,732.1% in the 1st quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock worth $164,115,000 after purchasing an additional 2,244,137 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of OSI Systems in the 2nd quarter worth $108,791,000. Goldman Sachs Group Inc. boosted its position in shares of OSI Systems by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after purchasing an additional 203,144 shares during the last quarter. Redwood Investments LLC bought a new position in shares of OSI Systems in the 1st quarter worth $9,342,000. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of OSI Systems by 16.9% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 631,543 shares of the technology company’s stock worth $46,096,000 after purchasing an additional 91,517 shares during the last quarter.
OSI Systems Company Profile
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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