OSI Systems (OSIS) Gets a Buy Rating from B.Riley FBR


B.Riley FBR analyst Josh Nichols maintained a Buy rating on OSI Systems (NASDAQ: OSIS) today and set a price target of $92.50. The company’s shares opened today at $82.94.

Nichols noted:

“Buy-rated OSI Systems (OSIS, $92.50 PT) reported F4Q18 (June) results, with revenue of $287M that beat our and consensus’ estimate of $274M. Pro forma EPS of $1.02 also outpaced our $0.96 estimate, as well as consensus’ $0.94, while EBITDA of $43M edged below our and consensus’ estimates of $44M and $45M, respectively, attributable to higher SG&A supporting Security growth initiatives. While FY18 was a turbulent year for shares, management’s operational execution was strong, with revenue surpassing $1B ($1.1B, be exact) for the first time in the company’s history.”

According to TipRanks.com, Nichols is a 5-star analyst with an average return of 26.6% and a 57.9% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Immersion Corp.

Currently, the analyst consensus on OSI Systems is a Strong Buy with an average price target of $95.50, representing a 15.1% upside. In a report released today, Drexel Hamilton also maintained a Buy rating on the stock with a $105 price target.

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Based on OSI Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.11 million. In comparison, last year the company had a net profit of $1.55 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

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OSI Systems, Inc. is an integrated designer and manufacturer of specialized electronic systems and components for critical applications. The firm sells its products and provides services in diversified markets, including homeland security, healthcare, defense and aerospace.

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