FLIR Systems Inc (FLIR) Issues FY13 Earnings Guidance
FLIR Systems Inc (NASDAQ:FLIR) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.38-1.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.63, Stock Ratings Network reports. The company issued revenue guidance of $1.45-1.5 billion, compared to the consensus revenue estimate of $1.53 billion.FLIR Systems also updated its Q3 guidance to $0.32-0.33 EPS.
A number of research firms have recently commented on FLIR. Analysts at Zacks reiterated a neutral rating on shares of FLIR Systems in a research note to investors on Friday, September 13th. They now have a $33.00 price target on the stock. On a related note, analysts at Drexel Hamilton downgraded shares of FLIR Systems from a buy rating to a hold rating in a research note to investors on Tuesday, July 30th. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. downgraded shares of FLIR Systems from a neutral rating to an underweight rating in a research note to investors on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $29.33.
FLIR Systems Inc (NASDAQ:FLIR) opened at 33.17 on Tuesday. FLIR Systems Inc has a 52-week low of $18.58 and a 52-week high of $33.81. The stock has a 50-day moving average of $31.85 and a 200-day moving average of $28.31. The company has a market cap of $4.713 billion and a price-to-earnings ratio of 20.82.
FLIR Systems (NASDAQ:FLIR) last released its earnings data on Thursday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $389.30 million for the quarter, compared to the consensus estimate of $364.91 million. During the same quarter last year, the company posted $0.30 earnings per share. FLIR Systems’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that FLIR Systems Inc will post $1.59 earnings per share for the current fiscal year.
FLIR Systems, Inc (NASDAQ:FLIR) is a designer, manufacturer, and marketer of thermal imaging systems.
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