Jefferies Group Analysts Raise Earnings Estimates for OSI Systems, Inc. (OSIS)
OSI Systems, Inc. (NASDAQ:OSIS) – Jefferies Group boosted their Q2 2018 earnings per share (EPS) estimates for OSI Systems in a report released on Thursday. Jefferies Group analyst S. Kahyaoglu now forecasts that the technology company will earn $0.93 per share for the quarter, up from their previous forecast of $0.86. Jefferies Group currently has a “Buy” rating and a $93.00 target price on the stock. Jefferies Group also issued estimates for OSI Systems’ Q4 2018 earnings at $0.99 EPS, FY2018 earnings at $3.45 EPS and FY2020 earnings at $4.25 EPS.
A number of other research analysts have also issued reports on the company. B. Riley restated a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a research report on Tuesday, October 24th. Zacks Investment Research lowered OSI Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Roth Capital reissued a “buy” rating and issued a $97.00 price objective on shares of OSI Systems in a research note on Tuesday, August 29th. Finally, TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. OSI Systems presently has an average rating of “Buy” and an average price target of $97.67.
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Shares of OSI Systems (NASDAQ:OSIS) opened at 91.24 on Monday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 85.27 and a beta of 0.76. The stock has a 50 day moving average price of $90.27 and a 200 day moving average price of $81.01. OSI Systems has a 12-month low of $66.00 and a 12-month high of $96.64.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The business had revenue of $257.13 million during the quarter, compared to the consensus estimate of $248.52 million. OSI Systems had a return on equity of 11.68% and a net margin of 3.06%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in OSI Systems by 51,732.1% in the 1st quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock valued at $164,115,000 after acquiring an additional 2,244,137 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $108,791,000. Goldman Sachs Group Inc. raised its holdings in shares of OSI Systems by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after buying an additional 203,144 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of OSI Systems by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 1,606,669 shares of the technology company’s stock worth $117,271,000 after buying an additional 76,598 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $3,465,000. 99.66% of the stock is owned by institutional investors and hedge funds.
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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