OSI Systems, Inc. (OSIS) to Post Q2 2019 Earnings of $0.97 Per Share, Jefferies Financial Group Forecasts

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OSI Systems, Inc. (NASDAQ:OSIS) – Equities researchers at Jefferies Financial Group lowered their Q2 2019 earnings per share estimates for OSI Systems in a research report issued on Thursday, October 25th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the technology company will earn $0.97 per share for the quarter, down from their prior estimate of $1.02. Jefferies Financial Group also issued estimates for OSI Systems’ Q3 2019 earnings at $1.04 EPS and Q4 2019 earnings at $1.03 EPS.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, August 28th. Roth Capital lifted their price target on OSI Systems from $77.00 to $89.00 and gave the company a “buy” rating in a research note on Friday, August 24th. B. Riley lifted their price target on OSI Systems from $81.00 to $92.50 and gave the company a “buy” rating in a research note on Friday, August 24th. Finally, BidaskClub lowered OSI Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.38.

Shares of OSIS stock opened at $68.90 on Monday. The stock has a market capitalization of $1.29 billion, a PE ratio of 19.09, a P/E/G ratio of 1.45 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.37 and a debt-to-equity ratio of 0.51. OSI Systems has a 52-week low of $50.50 and a 52-week high of $91.45.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 25th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.20. The business had revenue of $266.25 million during the quarter, compared to analysts’ expectations of $246.87 million. OSI Systems had a positive return on equity of 14.08% and a negative net margin of 2.72%. During the same quarter in the previous year, the firm posted $0.79 EPS.

Hedge funds have recently bought and sold shares of the company. Sun Life Financial INC purchased a new stake in shares of OSI Systems in the second quarter valued at approximately $121,000. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of OSI Systems in the second quarter valued at approximately $232,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of OSI Systems in the second quarter valued at approximately $234,000. Xact Kapitalforvaltning AB purchased a new stake in shares of OSI Systems in the first quarter valued at approximately $200,000. Finally, First Hawaiian Bank purchased a new stake in shares of OSI Systems in the third quarter valued at approximately $242,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

In other OSI Systems news, insider Deepak Chopra sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $74.90, for a total transaction of $1,872,500.00. Following the completion of the sale, the insider now directly owns 630,223 shares in the company, valued at approximately $47,203,702.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ajay Mehra sold 14,572 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $73.54, for a total value of $1,071,624.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,072 shares of company stock valued at $3,289,995. 8.60% of the stock is owned by company insiders.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers 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.

Further Reading: NASDAQ

Earnings History and Estimates for OSI Systems (NASDAQ:OSIS)

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