Headlines about OSI Systems (NASDAQ:OSIS) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. OSI Systems earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9201636236434 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- OSI Systems (OSIS) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- OSI Systems (OSIS) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
- OSI Systems (OSIS) Upgraded to Hold at BidaskClub (americanbankingnews.com)
- OSI Systems (OSIS) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- OSI Systems, Inc. (OSIS) Expected to Announce Earnings of $0.83 Per Share (americanbankingnews.com)
A number of research firms have recently weighed in on OSIS. Zacks Investment Research lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Friday. Sidoti began coverage on OSI Systems in a research report on Wednesday, February 21st. They set a “buy” rating for the company. Roth Capital lowered their price target on OSI Systems from $106.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Jefferies Group lowered OSI Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. OSI Systems currently has a consensus rating of “Buy” and an average price target of $86.00.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $277.53 million during the quarter, compared to analyst estimates of $263.77 million. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. OSI Systems’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. equities research analysts forecast that OSI Systems will post 3.5 earnings per share for the current fiscal year.
OSI Systems declared that its board has approved a share repurchase plan on Tuesday, March 6th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other OSI Systems news, Director Meyer/ Luskin purchased 20,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the transaction, the director now directly owns 10,376 shares of the company’s stock, valued at approximately $589,253.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.60% of the company’s stock.
OSI Systems Company Profile
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides 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.
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