Equities Analysts Set Expectations for OSI Systems, Inc.’s Q1 2019 Earnings (OSIS)

OSI Systems, Inc. (NASDAQ:OSIS) – Analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of OSI Systems in a research note issued on Friday, August 24th. Jefferies Financial Group analyst S. Kahyaoglu expects that the technology company will post earnings per share of $0.72 for the quarter. Jefferies Financial Group also issued estimates for OSI Systems’ Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.09 EPS, FY2019 earnings at $3.85 EPS and FY2020 earnings at $4.10 EPS.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 23rd. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. OSI Systems had a positive return on equity of 13.55% and a negative net margin of 2.67%. The firm had revenue of $287.33 million for the quarter, compared to analysts’ expectations of $274.13 million. During the same period in the prior year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis.

Several other analysts also recently commented on OSIS. B. Riley increased their price objective on shares of OSI Systems from $81.00 to $92.50 and gave the company a “buy” rating in a research report on Friday. Sidoti reiterated a “neutral” rating on shares of OSI Systems in a report on Thursday, June 28th. Roth Capital increased their price target on shares of OSI Systems from $77.00 to $89.00 and gave the company a “buy” rating in a report on Friday. ValuEngine upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Finally, Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $81.88.

Shares of OSIS stock opened at $77.95 on Monday. OSI Systems has a one year low of $50.50 and a one year high of $96.64. The stock has a market cap of $1.38 billion, a P/E ratio of 21.59, a PEG ratio of 1.47 and a beta of 0.86. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51.

Institutional investors have recently added to or reduced their stakes in the stock. Granahan Investment Management Inc. MA lifted its position in OSI Systems by 13.7% in the second quarter. Granahan Investment Management Inc. MA now owns 354,561 shares of the technology company’s stock worth $27,418,000 after buying an additional 42,716 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in OSI Systems in the second quarter worth $804,000. Bank of America Corp DE lifted its position in OSI Systems by 12.7% in the second quarter. Bank of America Corp DE now owns 206,497 shares of the technology company’s stock worth $15,969,000 after buying an additional 23,273 shares during the last quarter. Earnest Partners LLC lifted its position in OSI Systems by 0.4% in the second quarter. Earnest Partners LLC now owns 1,189,296 shares of the technology company’s stock worth $91,968,000 after buying an additional 4,986 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in OSI Systems by 277.0% in the second quarter. Renaissance Technologies LLC now owns 69,016 shares of the technology company’s stock worth $5,337,000 after buying an additional 50,708 shares during the last quarter. 99.20% of the stock is currently owned by institutional investors.

In related news, VP Ajay Mehra sold 14,572 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $73.54, for a total transaction of $1,071,624.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.60% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Earnings History and Estimates for OSI Systems (NASDAQ:OSIS)

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