OSI Systems, Inc. Expected to Post FY2020 Earnings of $3.90 Per Share (OSIS)
OSI Systems, Inc. (NASDAQ:OSIS) – Research analysts at Jefferies Group lowered their FY2020 earnings per share (EPS) estimates for OSI Systems in a research note issued to investors on Friday. Jefferies Group analyst S. Kahyaoglu now expects that the technology company will earn $3.90 per share for the year, down from their prior forecast of $4.05. Jefferies Group currently has a “Hold” rating and a $70.00 target price on the stock.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.08. The firm had revenue of $277.53 million for the quarter, compared to analyst estimates of $263.77 million. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS.
Shares of OSI Systems (NASDAQ OSIS) traded up $3.60 during mid-day trading on Monday, hitting $58.80. The stock had a trading volume of 455,638 shares, compared to its average volume of 503,733. The company has a market cap of $1,110.00, a price-to-earnings ratio of -51.06, a P/E/G ratio of 1.15 and a beta of 0.88. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 purchasing an additional 104 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of OSI Systems during the third quarter valued at approximately $165,000. Nine Chapters Capital Management LLC bought a new stake in shares of OSI Systems during the third quarter valued at approximately $201,000. Magnetar Financial LLC bought a new stake in shares of OSI Systems during the third quarter valued at approximately $204,000. Finally, Icon Advisers Inc. Co. bought a new stake in shares of OSI Systems during the third quarter valued at approximately $210,000.
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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