Brokers Issue Forecasts for OSI Systems, Inc.’s Q2 2018 Earnings (OSIS)

OSI Systems, Inc. (NASDAQ:OSIS) – Stock analysts at Jefferies Group boosted their Q2 2018 earnings estimates for shares of OSI Systems in a report released on Thursday. Jefferies Group analyst S. Kahyaoglu now forecasts that the technology company will post earnings of $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.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The firm had revenue of $257.13 million for the quarter, compared to analysts’ expectations of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS.

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A number of other brokerages also recently issued reports on OSIS. Zacks Investment Research downgraded OSI Systems from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a report on Thursday, August 10th. BidaskClub downgraded OSI Systems from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Roth Capital reaffirmed a “buy” rating and set a $97.00 target price on shares of OSI Systems in a research note on Tuesday, August 29th. Finally, B. Riley reaffirmed a “buy” rating and set a $108.00 target price on shares of OSI Systems in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $98.17.

Institutional investors and hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC increased its position in shares of OSI Systems by 95.8% during the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock worth $118,000 after purchasing an additional 766 shares in the last quarter. Advisor Group Inc. increased its position in shares of OSI Systems by 6.9% during the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after purchasing an additional 104 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of OSI Systems by 138.6% during the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,085 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new stake in shares of OSI Systems during the third quarter worth approximately $201,000. Finally, Aperio Group LLC purchased a new stake in shares of OSI Systems during the third quarter worth approximately $226,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.

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.

Earnings History and Estimates for OSI Systems (NASDAQ:OSIS)

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