Eye Catching Stock: OSI Systems, Inc. (NASDAQ: OSIS)

On Friday, OSI Systems, Inc. (NASDAQ: OSIS) stock recorded daily change of 0.19% to close at $99.43 with the total traded volume of 139520 shares along average volume of 145101 shares. 52-week range of the stock remained $ 68.58 – 117.21 while its day low price was $98.95 and its hit its day high price at $100.61. Its previous closing value stands at $99.24. OSIS total market capitalization is $1825236515. Currently stocks EPS is $4.06 while its price to earnings ratio is 24.5.

OSI Systems, Inc. (OSIS) recently reported financial results for the quarter ended September 30, 2019.

Deepak Chopra, OSI Systems’ Chairman and Chief Executive Officer, stated, “We are happy with the first quarter performance as we delivered record first quarter revenues and solid earnings. We have a robust pipeline of opportunities and a healthy backlog, putting us in a good position for the remainder of fiscal 2020.”

The Company stated revenues of $290.9M for the first quarter of fiscal 2020, a raise of 9% from the $266.2M stated for the first quarter of fiscal 2019. Net income for the first quarter of fiscal 2020 was $20.7M, or $1.10 per diluted share, contrast to net income of $9.4M, or $0.50 per diluted share, for the first quarter of fiscal 2019. Non-GAAP net income for the first quarter of fiscal 2020 was $17.2M, or $0.91 per diluted share, contrast to non-GAAP net income for the fiscal 2019 first quarter of $15.3M, or $0.81 per diluted share.

As of September 30, 2019, the Company’s backlog was $869M contrast to $911M as of June 30, 2019. The Company generated positive operating cash flow of $25M during the first quarter of fiscal 2020 contrast to negative operating cash flow of $3M during the first quarter of fiscal 2019.

Mr. Chopra commented, “Our Security division started the year strong, achieving 11% sales growth resulting in record first quarter revenues of $189M. We continue to be well positioned in the global marketplace to capitalize on future opportunities.”

Mr. Chopra continued, “Our Optoelectronics and Manufacturing division continued in the last fiscal quarter to perform well as we leveraged sales growth of 4% to important year-over-year operating margin expansion driven by a strong mix of revenues and operational execution.”

Fiscal Year 2020 Outlook

The Company is raising its fiscal year 2020 sales guidance to a range of $1.238B to $1.273B, which would represent growth of 5% to 8% contrast to the previous fiscal year. The Company is also increasing its non-GAAP earnings guidance to $4.61 to $4.83 per diluted share for fiscal 2020. Actual sales and non-GAAP diluted earnings per share could vary from this guidance Because of factors discussed under “Forward-Looking Statements” or other factors.

The Company’s fiscal 2020 diluted earnings per share guidance is provided on a non-GAAP basis only. The Company does not provide a reconciliation of guidance for non-GAAP diluted EPS to GAAP diluted EPS (the most directly comparable GAAP measure) on a forward-looking basis because the Company is unable to provide a meaningful or accurate compilation of reconciling items and certain information is not available. This is Because of the inherent difficulty and complexity in accurately forecasting the timing and amounts of various items included in the calculation of GAAP diluted EPS, such as acquisition costs and other non-recurring items that have not yet occurred, are out of the Company’s control, or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of inaccessible information which may be material and therefore could result in GAAP diluted EPS, the corresponding GAAP financial measure, being materially different from projected non-GAAP diluted EPS.

OSIS has price-to-cash ratio of 18.96 and price to sale ratio of 1.54. The company net profit margin is 4.50% and gross profit margin is 36.40%. A look on the firm performance, its monthly performance is -0.04% and a quarterly performance of -6.55%. The stock price is moving up from its 20 days moving average with 1.27% and isolated negatively from 50 days moving average with -2.28%.

Jasmine Gerber

Jasmine Gerber – Market Movers I am known as Jasmine Gerber, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about technology and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

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