Brokerages Anticipate OSI Systems, Inc. (OSIS) Will Post Quarterly Sales of $243.58 Million
Wall Street analysts expect OSI Systems, Inc. (NASDAQ:OSIS) to post $243.58 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for OSI Systems’ earnings, with the lowest sales estimate coming in at $236.75 million and the highest estimate coming in at $247.00 million. OSI Systems reported sales of $220.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The firm is expected to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that OSI Systems will report full year sales of $243.58 million for the current year, with estimates ranging from $1.05 billion to $1.06 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.13 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for OSI Systems.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 24th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.09. The business had revenue of $252.40 million for the quarter, compared to the consensus estimate of $253.58 million. OSI Systems had a net margin of 2.19% and a return on equity of 10.57%. OSI Systems’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share.
A number of equities research analysts have commented on OSIS shares. Jefferies Group LLC raised their price objective on OSI Systems from $85.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research cut OSI Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub cut OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, Roth Capital reissued a “buy” rating and issued a $97.00 price objective on shares of OSI Systems in a research note on Tuesday, August 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $91.43.
Several large investors have recently made changes to their positions in OSIS. Ameritas Investment Partners Inc. purchased a new position in shares of OSI Systems during the first quarter valued at approximately $110,000. Riverhead Capital Management LLC boosted its position in shares of OSI Systems by 95.8% during the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after buying an additional 766 shares during the last quarter. Advisor Group Inc. boosted its position in shares of OSI Systems by 6.9% during the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after buying an additional 104 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of OSI Systems by 138.6% during the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock valued at $136,000 after buying an additional 1,085 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of OSI Systems by 3.1% during the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock valued at $146,000 after buying an additional 60 shares during the last quarter.
Shares of OSI Systems (NASDAQ OSIS) opened at 82.39 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 77.00 and a beta of 0.75. OSI Systems has a 52 week low of $62.22 and a 52 week high of $86.14. The stock has a 50 day moving average of $80.71 and a 200 day moving average of $76.65.
About OSI Systems
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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