Wall Street analysts expect that OSI Systems, Inc. (NASDAQ:OSIS) will announce $0.83 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for OSI Systems’ earnings. The highest EPS estimate is $0.85 and the lowest is $0.80. OSI Systems reported earnings per share of $0.85 during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that OSI Systems will report full-year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.54. For the next fiscal year, analysts forecast that the firm will report earnings of $3.79 per share, with EPS estimates ranging from $3.70 to $3.87. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover OSI Systems.

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OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The firm had revenue of $277.53 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same quarter in the previous year, the company posted $0.68 EPS. OSI Systems’s revenue was up 14.4% on a year-over-year basis.

A number of analysts have commented on the stock. BidaskClub lowered shares of OSI Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, January 20th. TheStreet lowered shares of OSI Systems from a “b-” rating to a “c+” rating in a report on Monday, January 22nd. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, March 22nd. Jefferies Group lowered shares of OSI Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $79.00 to $70.00 in a report on Friday, February 2nd. They noted that the move was a valuation call. Finally, B. Riley reaffirmed a “buy” rating and set a $108.00 target price on shares of OSI Systems in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $84.80.

In other OSI Systems news, Director Meyer/ Luskin bought 20,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the acquisition, the director now owns 10,376 shares of the company’s stock, valued at $589,253.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 7.60% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of OSI Systems by 4.3% in the 4th quarter. BlackRock Inc. now owns 2,241,995 shares of the technology company’s stock valued at $144,340,000 after buying an additional 92,505 shares during the period. Earnest Partners LLC grew its holdings in shares of OSI Systems by 18.0% in the 4th quarter. Earnest Partners LLC now owns 1,140,704 shares of the technology company’s stock valued at $73,439,000 after buying an additional 173,737 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of OSI Systems by 51.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 862,228 shares of the technology company’s stock valued at $55,510,000 after buying an additional 291,488 shares during the period. Millennium Management LLC grew its holdings in shares of OSI Systems by 93.6% in the 4th quarter. Millennium Management LLC now owns 426,163 shares of the technology company’s stock valued at $27,436,000 after buying an additional 206,089 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in shares of OSI Systems by 5.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 364,781 shares of the technology company’s stock valued at $33,330,000 after buying an additional 17,715 shares during the period.

OSIS traded up $0.69 during trading on Monday, reaching $67.11. 142,692 shares of the company’s stock were exchanged, compared to its average volume of 338,650. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.55. OSI Systems has a fifty-two week low of $50.50 and a fifty-two week high of $96.64. The firm has a market capitalization of $1,263.27, a PE ratio of 22.44, a P/E/G ratio of 1.41 and a beta of 0.81.

OSI Systems announced that its board has approved a share repurchase program on Tuesday, March 6th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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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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