Why OSI Systems (OSIS) Stock Is Gaining Today

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.
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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 Chart OSIS data by YCharts

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