One Stop Systems, Inc. (NASDAQ:OSS) Expected to Announce Quarterly Sales of $15.90 Million

Analysts forecast that One Stop Systems, Inc. (NASDAQ:OSS) will announce $15.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for One Stop Systems’ earnings. One Stop Systems posted sales of $12.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 22.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 11th.

According to Zacks, analysts expect that One Stop Systems will report full year sales of $60.81 million for the current fiscal year, with estimates ranging from $60.50 million to $61.12 million. For the next year, analysts forecast that the company will post sales of $67.40 million, with estimates ranging from $66.80 million to $68.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover One Stop Systems.

One Stop Systems (NASDAQ:OSS) last announced its earnings results on Thursday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $14.91 million during the quarter, compared to analyst estimates of $14.40 million. One Stop Systems had a net margin of 5.15% and a return on equity of 3.84%.

Several analysts have weighed in on OSS shares. Benchmark started coverage on shares of One Stop Systems in a research note on Tuesday, August 17th. They issued a “buy” rating for the company. Roth Capital boosted their price target on shares of One Stop Systems from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Friday, August 13th. Lake Street Capital started coverage on shares of One Stop Systems in a research note on Wednesday, July 7th. They issued a “buy” rating and a $8.00 price target for the company. Alliance Global Partners began coverage on shares of One Stop Systems in a research note on Wednesday, May 26th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Zacks Investment Research cut shares of One Stop Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 26th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $7.47.

One Stop Systems stock traded down $0.16 during mid-day trading on Friday, hitting $5.30. The company’s stock had a trading volume of 2,136 shares, compared to its average volume of 306,804. The stock has a market cap of $98.73 million, a price-to-earnings ratio of 36.40 and a beta of 2.04. The business has a 50 day moving average price of $5.63 and a 200-day moving average price of $5.95. One Stop Systems has a 12 month low of $2.04 and a 12 month high of $9.50.

In related news, major shareholder Steve D. Cooper sold 10,000 shares of the stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $5.83, for a total transaction of $58,300.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Steve D. Cooper sold 50,000 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $5.66, for a total transaction of $283,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,030 shares of company stock worth $776,607. Corporate insiders own 25.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSS. Dimensional Fund Advisors LP raised its position in One Stop Systems by 38.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,605 shares of the company’s stock worth $86,000 after acquiring an additional 5,993 shares during the period. BlackRock Inc. raised its position in One Stop Systems by 11.9% in the first quarter. BlackRock Inc. now owns 46,201 shares of the company’s stock worth $293,000 after acquiring an additional 4,914 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of One Stop Systems during the 1st quarter valued at $33,000. Geode Capital Management LLC raised its position in shares of One Stop Systems by 37.0% during the 1st quarter. Geode Capital Management LLC now owns 99,824 shares of the company’s stock valued at $632,000 after purchasing an additional 26,973 shares during the period. Finally, Northern Trust Corp raised its position in shares of One Stop Systems by 124.1% during the 1st quarter. Northern Trust Corp now owns 24,971 shares of the company’s stock valued at $158,000 after purchasing an additional 13,827 shares during the period. Institutional investors and hedge funds own 23.56% of the company’s stock.

One Stop Systems Company Profile

One Stop Systems, Inc engages in the design, manufacture, and marketing of computing modules and systems targeting edge deployments. It specializes in computers and storage products incorporate state-of-the art components, and allow its customers to offer high-end computing capabilities to their target markets.

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