B. Riley Weighs in on OSI Systems, Inc.’s FY2024 Earnings (NASDAQ:OSIS)

OSI Systems, Inc. (NASDAQ:OSIS) – B. Riley increased their FY2024 earnings per share (EPS) estimates for OSI Systems in a research report issued to clients and investors on Friday, April 26th. B. Riley analyst J. Nichols now expects that the technology company will earn $8.08 per share for the year, up from their previous forecast of $8.04. The consensus estimate for OSI Systems’ current full-year earnings is $8.08 per share. B. Riley also issued estimates for OSI Systems’ FY2025 earnings at $8.50 EPS.

OSIS has been the topic of a number of other reports. Roth Mkm upped their price target on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a report on Friday, April 26th. StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Oppenheimer upped their price target on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday.

OSI Systems Trading Down 3.4 %

Shares of NASDAQ:OSIS opened at $131.44 on Monday. The company has a market cap of $2.24 billion, a P/E ratio of 18.08, a PEG ratio of 1.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. OSI Systems has a 1 year low of $103.04 and a 1 year high of $144.11. The stock’s fifty day moving average price is $135.68 and its 200-day moving average price is $127.71.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.11 by $0.05. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The business had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. During the same period in the previous year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year.

Insiders Place Their Bets

In other news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

Institutional Trading of OSI Systems

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of OSI Systems by 271.1% in the first quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock worth $5,012,000 after buying an additional 25,636 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of OSI Systems by 1.1% during the first quarter. Principal Financial Group Inc. now owns 87,125 shares of the technology company’s stock valued at $12,443,000 after acquiring an additional 958 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of OSI Systems by 27.7% in the first quarter. Assenagon Asset Management S.A. now owns 78,635 shares of the technology company’s stock valued at $11,231,000 after purchasing an additional 17,063 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of OSI Systems by 1,021.1% in the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after purchasing an additional 194 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in shares of OSI Systems in the first quarter valued at approximately $1,918,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.