$253.17 Million in Sales Expected for OSI Systems, Inc. (OSIS) This Quarter
Equities analysts forecast that OSI Systems, Inc. (NASDAQ:OSIS) will announce $253.17 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for OSI Systems’ earnings, with the lowest sales estimate coming in at $252.00 million and the highest estimate coming in at $254.21 million. OSI Systems reported sales of $221.47 million during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The business is expected to announce its next earnings report on Tuesday, August 15th.
On average, analysts expect that OSI Systems will report full year sales of $253.17 million for the current financial year, with estimates ranging from $960.55 million to $962.76 million. For the next financial year, analysts anticipate that the business will report sales of $992.38 million per share, with estimates ranging from $975.80 million to $1.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for OSI Systems.
OSI Systems (NASDAQ:OSIS) last released its earnings results on Wednesday, April 26th. The technology company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. OSI Systems had a return on equity of 9.04% and a net margin of 2.73%. The firm had revenue of $245.15 million during the quarter, compared to the consensus estimate of $244.35 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was up 16.3% compared to the same quarter last year.
OSIS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded OSI Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 30th. Jefferies Group LLC set a $85.00 price objective on OSI Systems and gave the company a “buy” rating in a research report on Wednesday, April 26th. Sidoti initiated coverage on OSI Systems in a research report on Wednesday, May 24th. They issued a “buy” rating and a $99.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating and issued a $87.00 price objective on shares of OSI Systems in a research report on Saturday, April 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $87.50.
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OSI Systems (NASDAQ OSIS) traded down 0.43% during midday trading on Friday, hitting $74.88. The company had a trading volume of 364,746 shares. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 57.64 and a beta of 0.75. OSI Systems has a 12 month low of $52.44 and a 12 month high of $82.26. The firm has a 50-day moving average price of $78.26 and a 200-day moving average price of $75.20.
Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in shares of OSI Systems by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after buying an additional 203,144 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of OSI Systems during the first quarter worth approximately $537,000. State Street Corp boosted its position in shares of OSI Systems by 4.7% in the first quarter. State Street Corp now owns 409,568 shares of the technology company’s stock worth $29,894,000 after buying an additional 18,314 shares in the last quarter. Bank of America Corp DE boosted its position in shares of OSI Systems by 26.2% in the first quarter. Bank of America Corp DE now owns 160,326 shares of the technology company’s stock worth $11,702,000 after buying an additional 33,273 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new position in shares of OSI Systems during the first quarter worth approximately $1,460,000. 96.24% of the stock is owned by hedge funds and other institutional investors.
About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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