Q2 2019 EPS Estimates for OSI Systems, Inc. (OSIS) Decreased by Analyst

OSI Systems, Inc. (NASDAQ:OSIS) – Stock analysts at B. Riley cut their Q2 2019 EPS estimates for OSI Systems in a report released on Friday, August 24th. B. Riley analyst J. Nichols now forecasts that the technology company will post earnings per share of $0.95 for the quarter, down from their previous estimate of $0.98. B. Riley has a “Buy” rating and a $92.50 price objective on the stock. B. Riley also issued estimates for OSI Systems’ Q3 2019 earnings at $1.14 EPS.

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

A number of other equities research analysts have also issued reports on the stock. Roth Capital upped their price objective on shares of OSI Systems from $77.00 to $89.00 and gave the company a “buy” rating in a report on Friday. BidaskClub lowered shares of OSI Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 11th. Sidoti reissued a “neutral” rating on shares of OSI Systems in a report on Thursday, June 28th. Zacks Investment Research lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, ValuEngine raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.88.

Shares of OSIS opened at $77.95 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.51. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64. The stock has a market capitalization of $1.38 billion, a P/E ratio of 21.59, a PEG ratio of 1.47 and a beta of 0.86.

A number of hedge funds have recently made changes to their positions in OSIS. Sun Life Financial INC purchased a new position in OSI Systems during the second quarter worth about $121,000. Xact Kapitalforvaltning AB purchased a new position in OSI Systems during the first quarter worth about $200,000. SG Americas Securities LLC purchased a new position in OSI Systems during the first quarter worth about $215,000. NJ State Employees Deferred Compensation Plan purchased a new position in OSI Systems during the second quarter worth about $232,000. Finally, Pillar Pacific Capital Management LLC purchased a new position in OSI Systems during the second quarter worth about $234,000. 99.20% of the stock is owned by institutional investors.

In other OSI Systems news, VP Ajay Mehra sold 14,572 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.54, for a total transaction of $1,071,624.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.60% of the company’s stock.

About OSI Systems

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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