Jefferies Group Reiterates Buy Rating for OSI Systems (OSIS)
Jefferies Group reiterated their buy rating on shares of OSI Systems (NASDAQ:OSIS) in a research report report published on Monday. The brokerage currently has a $79.00 price target on the technology company’s stock. Jefferies Group also issued estimates for OSI Systems’ FY2019 earnings at $3.65 EPS and FY2020 earnings at $4.05 EPS.
Other research analysts have also issued reports about the company. BidaskClub raised OSI Systems from a strong sell rating to a sell rating in a research report on Saturday. Zacks Investment Research lowered OSI Systems from a buy rating to a hold rating in a research report on Wednesday, November 1st. Finally, B. Riley reaffirmed a buy rating and set a $108.00 target price on shares of OSI Systems in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $91.40.
Shares of OSI Systems (NASDAQ OSIS) traded down $1.43 during trading hours on Monday, reaching $64.78. The company had a trading volume of 296,463 shares, compared to its average volume of 736,600. OSI Systems has a 12 month low of $53.80 and a 12 month high of $96.64. The firm has a market cap of $1,230.00, a price-to-earnings ratio of 41.26, a P/E/G ratio of 1.42 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.
OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. OSI Systems had a return on equity of 11.68% and a net margin of 3.06%. The company had revenue of $257.13 million for the quarter, compared to analyst estimates of $248.52 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. equities analysts predict that OSI Systems will post 3.49 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in OSIS. Riverhead Capital Management LLC increased its holdings in shares of OSI Systems by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after purchasing an additional 766 shares during the period. Advisor Group Inc. increased its holdings in shares of OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after purchasing an additional 104 shares during the period. Victory Capital Management Inc. increased its holdings in shares of OSI Systems by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock valued at $165,000 after purchasing an additional 331 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of OSI Systems in the third quarter valued at about $165,000. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of OSI Systems in the third quarter valued at about $201,000.
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OSI Systems Company Profile
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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