Analysts predict that FLIR Systems, Inc. (NASDAQ:FLIR) will announce $0.57 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for FLIR Systems’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.53. FLIR Systems reported earnings per share of $0.52 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.6%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 30th.
According to Zacks, analysts expect that FLIR Systems will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.25. For the next fiscal year, analysts forecast that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.36 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow FLIR Systems.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The firm had revenue of $452.70 million during the quarter, compared to the consensus estimate of $429.12 million. FLIR Systems had a return on equity of 16.44% and a net margin of 6.70%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS.
A number of brokerages have issued reports on FLIR. BidaskClub cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. William Blair raised FLIR Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Imperial Capital restated an “outperform” rating and set a $60.00 target price (up previously from $53.00) on shares of FLIR Systems in a research report on Wednesday, August 1st. Stephens upped their target price on FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, July 30th. Finally, Needham & Company LLC increased their price target on FLIR Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. FLIR Systems has a consensus rating of “Buy” and a consensus price target of $56.75.
In other FLIR Systems news, VP Jeffrey Frank sold 42,912 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $62.19, for a total transaction of $2,668,697.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Todd M. Duchene sold 3,844 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $54.50, for a total value of $209,498.00. Following the transaction, the senior vice president now owns 37,453 shares in the company, valued at approximately $2,041,188.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,264 shares of company stock worth $8,081,353. Company insiders own 2.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in FLIR. Vident Investment Advisory LLC lifted its holdings in shares of FLIR Systems by 51.6% during the 2nd quarter. Vident Investment Advisory LLC now owns 725,192 shares of the scientific and technical instruments company’s stock valued at $37,689,000 after buying an additional 246,978 shares during the period. Aureus Asset Management LLC boosted its holdings in shares of FLIR Systems by 42.4% during the 2nd quarter. Aureus Asset Management LLC now owns 5,694 shares of the scientific and technical instruments company’s stock valued at $296,000 after purchasing an additional 1,694 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of FLIR Systems during the 2nd quarter valued at about $2,440,000. Sterling Capital Management LLC lifted its holdings in shares of FLIR Systems by 27.0% in the 2nd quarter. Sterling Capital Management LLC now owns 52,468 shares of the scientific and technical instruments company’s stock valued at $2,727,000 after acquiring an additional 11,151 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of FLIR Systems by 53.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,474 shares of the scientific and technical instruments company’s stock valued at $4,858,000 after acquiring an additional 32,689 shares during the last quarter. 90.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of FLIR stock opened at $58.62 on Friday. The company has a quick ratio of 2.85, a current ratio of 4.07 and a debt-to-equity ratio of 0.23. FLIR Systems has a twelve month low of $40.92 and a twelve month high of $63.88. The firm has a market cap of $8.48 billion, a P/E ratio of 31.53 and a beta of 0.68.
FLIR Systems Company Profile
FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.
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