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


In a report released today, Josh Nichols from B.Riley FBR reiterated a Buy rating on OSI Systems (OSIS), with a price target of $119. The company’s shares closed last Monday at $101.

Nichols wrote:

“Buy-rated OSI Systems (OSIS, $119 PT) reported F4Q19 (Jun) results, before the open, with record revenue of $308M and pro forma EPS of $1.15, both of which came in ahead of our $304M/$1.03 as well as consensus $304M/$1.06. FY20 revenue and pro forma EPS guidance of $1.235B-$1.270B and $4.58-$4.80 also compared favorably to our prior $1.237 and $4.49, although OSIS shares closed up just 0.2% (Russell 2000 up 1.1%), which we believe is likely attributable to elevated investor expectations following a string of beat and raises. Regardless, each division (security, healthcare, and optoelectronics) was a solid contributor and management is optimistic about prospects for FY20 with a healthy backlog and pipeline of opportunities, including a $0.9B backlog exiting FY19 (1.0x Non-turnkey book-to-bill).”

According to TipRanks.com, Nichols is a 5-star analyst with an average return of 16.5% and a 43.2% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Horizon Global.

Currently, the analyst consensus on OSI Systems is a Moderate Buy with an average price target of $119.

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OSI Systems’ market cap is currently $1.83B and has a P/E ratio of 35.47. The company has a Price to Book ratio of 3.48.

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OSI Systems, Inc. is an integrated designer and manufacturer of specialized electronic systems and components for critical applications. Its services support a range of markets, including homeland security, healthcare, defense and aerospace. It operates through the following segments: Security, Healthcare, Optoelectronics and Manufacturing, and Corporate.

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