Roth Capital Brokers Boost Earnings Estimates for OSI Systems, Inc. (NASDAQ:OSIS)

OSI Systems, Inc. (NASDAQ:OSIS) – Analysts at Roth Capital raised their FY2024 earnings per share estimates for OSI Systems in a report released on Friday, April 26th. Roth Capital analyst J. Martin now expects that the technology company will post earnings per share of $8.08 for the year, up from their previous estimate of $8.01. The consensus estimate for OSI Systems’ current full-year earnings is $8.08 per share. Roth Capital also issued estimates for OSI Systems’ Q4 2024 earnings at $2.78 EPS and FY2025 earnings at $8.69 EPS.

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

A number of other analysts also recently issued reports on OSIS. StockNews.com downgraded OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Roth Mkm lifted their target price on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Oppenheimer lifted their target price on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday.

OSI Systems Stock Down 3.4 %

Shares of OSIS opened at $131.44 on Monday. The business’s 50 day moving average is $135.68 and its 200 day moving average is $127.71. The company has a market capitalization of $2.24 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. OSI Systems has a 12-month low of $103.04 and a 12-month high of $144.11. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16.

Insider Activity at OSI Systems

In related 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 transaction of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares in the company, valued at approximately $8,218,334.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of OSI Systems by 271.1% during the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock worth $5,012,000 after purchasing an additional 25,636 shares during the last quarter. Principal Financial Group Inc. raised its stake in OSI Systems by 1.1% in the first quarter. Principal Financial Group Inc. now owns 87,125 shares of the technology company’s stock valued at $12,443,000 after buying an additional 958 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in 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 buying an additional 17,063 shares during the last quarter. Global Retirement Partners LLC raised its stake in 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 buying an additional 194 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in OSI Systems in the first quarter valued at about $1,918,000. Institutional investors own 89.21% of the company’s stock.

About OSI Systems

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.