I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.
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HAWTHORNE, Calif., July 5, 2019 – Shares of OSI Systems Inc. (NASDAQ: OSIS) gained 0.69% to $116.69. The stock grabbed the investor’s attention and traded 85.520K shares as compared to its average daily volume of 163.71K shares. The stock’s institutional ownership stands at 99.20%.
OSI Systems Inc. (OSIS) reported revenues of $304.30M for the third quarter of fiscal 2019, a boost of 14% from the $267.30M reported for the third quarter of fiscal 2018. Net income for the third quarter of fiscal 2019 was $19.60M, or $1.05 per diluted share, contrast to net income of $2.60M, or $0.13 per diluted share, for the third quarter of fiscal 2018. Non-GAAP net income for the third quarter of fiscal 2019 was $21.80M, or $1.17 per diluted share, contrast to non-GAAP net income for the third quarter of fiscal 2018 of $16.50M, or $0.86 per diluted share.
For the nine months ended March 31, 2019, revenues increased 9% to $873.70M, contrast to $802.00M for the same period in the prior year. Net income for this period was $48.10M, or $2.58 per diluted share, contrast with net loss of $34.20M, or ($1.82) per diluted share, for the same period a year ago. Non-GAAP net income for the nine months ended March 31, 2019 was $59.10M, or $3.17 per diluted share, contrast with non-GAAP net income of $51.20M, or $2.63 per diluted share, for the comparable prior-year period.
The Company’s backlog was $936.0M as of March 31, 2019. Operating cash flow during the quarter ended March 31, 2019 was $46.90M, and capital expenditures were $8.30M, contrast to $31.10M and $4.40M, respectively, for the comparable prior year period.
Fiscal Year 2019 Outlook:
The Company is raising its fiscal 2019 sales guidance from the previous range of $1.150B – $1.185B to a range of $1.165B – $1.190B. In addition, the Company is increasing its non-GAAP earnings guidance from the previous range of $3.93 – $4.10 to a range of $4.10 – $4.30 per diluted share for fiscal 2019.
OSIS has a market value of $2.07B while its EPS was booked as $2.08 in the last 12 months. The stock has 17.72M shares outstanding. In the profitability analysis, the company has gross profit margin of 36.10% while net profit margin was 4.60%. Beta value of the company was 0.84; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.20.