FLIR Systems Inc (FLIR) Releases Q3 Earnings Guidance
FLIR Systems Inc (NASDAQ:FLIR) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.33 for the period, compared to the Thomson Reuters consensus estimate of $0.39, Analyst Ratings News reports. The company issued revenue guidance of $358-360 million, compared to the consensus revenue estimate of $370.23 million.FLIR Systems also updated its FY13 guidance to $1.38-1.43 EPS.
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 P/E ratio of 20.82.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that FLIR Systems Inc will post $1.59 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FLIR shares. 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 analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. FLIR Systems presently has an average rating of Hold and an average price target of $29.33.
FLIR Systems, Inc (NASDAQ:FLIR) is a designer, manufacturer, and marketer of thermal imaging systems.
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