OSI Systems (OSIS) Releases Earnings Results, Beats Expectations By $0.03 EPS

OSI Systems (OSIS) reported quarterly earnings results on Tuesday, Aug-16-2016. The company said it had a profit of $0.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.52. The company posted revenue of $221.47 million in the period, compared to analysts expectations of $232.32 million. The company’s revenue was down -16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on OSI Systems. The Benchmark Company Upgraded OSI Systems on Jun 21, 2016 to ” Buy”, Price Target of the shares are set at $65.OSI Systems was Initiated by CJS Securities to “Market Outperform” on Jun 14, 2016.

OSI Systems opened for trading at $61.37 and hit $62.59 on the upside on Monday, eventually ending the session at $62.36, with a gain of 1.46% or 0.9 points. The heightened volatility saw the trading volume jump to 1,09,820 shares. Company has a market cap of $1,178 M.

In a different news, on Dec 4, 2015, Chee Cheong Nicholas Ong (Pres., Spacelabs Healthcare) sold 5,000 shares at $94.15 per share price. According to the SEC, on Nov 27, 2015, Deepak Chopra (President and CEO) sold 46,944 shares at $94.25 per share price. On Nov 27, 2015, Victor S Sze (General Counsel) sold 10,000 shares at $94.35 per share price, according to the Form-4 filing with the securities and exchange commission.

OSI Systems Inc. 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. The Company has three operating divisions: Security Healthcare and Optoelectronics and Manufacturing. Security provides security and inspection systems turn-key security screening solutions and related services. Healthcare provides patient monitoring diagnostic cardiology and anesthesia systems. Optoelectronics and Manufacturing provides specialized electronic components for the Security and Healthcare divisions as well as for applications in the defense aerospace medical and industrial markets.

OSI Systems

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