OSI Systems, Inc. (NASDAQ:OSIS) Expected to Announce Earnings of $0.91 Per Share
Equities analysts expect OSI Systems, Inc. (NASDAQ:OSIS) to report earnings of $0.91 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for OSI Systems’ earnings. The highest EPS estimate is $0.93 and the lowest is $0.88. OSI Systems reported earnings of $0.55 per share during the same quarter last year, which indicates a positive year over year growth rate of 65.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 15th.
According to Zacks, analysts expect that OSI Systems will report full-year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $2.90. For the next year, analysts expect that the firm will post earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for OSI Systems.
A number of research firms have recently weighed in on OSIS. Sidoti began coverage on OSI Systems in a research note on Wednesday, May 24th. They set a “buy” rating and a $99.00 price objective for the company. Jefferies Group LLC restated a “buy” rating on shares of OSI Systems in a report on Thursday, June 1st. B. Riley restated a “buy” rating and set a $87.00 target price on shares of OSI Systems in a report on Monday, April 24th. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, May 26th. Finally, BidaskClub upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $87.50.
Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new position in shares of OSI Systems during the first quarter worth approximately $110,000. Victory Capital Management Inc. increased its position in shares of OSI Systems by 138.6% in the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock worth $136,000 after buying an additional 1,085 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of OSI Systems by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock worth $146,000 after buying an additional 60 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of OSI Systems by 13.7% in the first quarter. Asset Management One Co. Ltd. now owns 2,330 shares of the technology company’s stock worth $170,000 after buying an additional 280 shares in the last quarter. Finally, Emerald Advisers Inc. PA acquired a new position in shares of OSI Systems during the second quarter worth approximately $207,000.
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OSI Systems (NASDAQ OSIS) traded up 0.73% on Wednesday, reaching $79.88. 37,133 shares of the company’s stock traded hands. The firm’s 50-day moving average is $76.82 and its 200 day moving average is $75.46. The firm has a market cap of $1.49 billion, a PE ratio of 61.49 and a beta of 0.79. OSI Systems has a 12 month low of $59.76 and a 12 month high of $82.26.
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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