NEW YORK (TheStreet) -- Shares of OSI Systems Inc. (OSIS) are higher by 3.32% to $69.50 at the start of trading on Monday, after the company reported an increase in net income for the 2014 fourth quarter to $22.1 million, or $1.07 per diluted share, compared to $11.8 million, or 59 cents per diluted share for the year ago period.
The company, which is an integrated designer and manufacturer of specialized electronic systems and components for critical applications, said adjusted net income for the most recent quarter was $25.4 million, or $1.19 per diluted share, compared to $20.9 million, or $1.02 per diluted share for the 2013 fourth quarter.
Adjusted net income came in two cents higher than the Capital IQ Consensus of $1.17 per diluted share.
Must Read: Warren Buffett's 25 Favorite Stocks
Stocks TO Buy: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn More.
OSI Systems' revenue grew 14% to $260 million versus $228 million for the same quarter last year.The consensus estimate was for $245.47 million in revenue. Separately, TheStreet Ratings team rates OSI SYSTEMS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate OSI SYSTEMS INC (OSIS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: OSIS Ratings Report
OSIS data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts