FLIR Systems Inc (FLIR) Releases FY13 Earnings Guidance
FLIR Systems Inc (NASDAQ:FLIR) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.38-1.43 for the period, compared to the Thomson Reuters consensus estimate of $1.41, Analyst RN reports. The company issued revenue guidance of $1.45-1.50 billion, compared to the consensus revenue estimate of $1.49 billion.
A number of research firms have recently commented on FLIR. Analysts at JPMorgan Chase & Co. cut their price target on shares of FLIR Systems from $29.50 to $28.00 in a research note to investors on Tuesday, October 15th. They now have an underweight rating on the stock. On a related note, 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. Finally, 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. One 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. FLIR Systems presently has a consensus rating of Hold and an average target price of $29.14.
Shares of FLIR Systems Inc (NASDAQ:FLIR) opened at 28.78 on Thursday. FLIR Systems Inc has a 52 week low of $18.58 and a 52 week high of $33.81. The stock’s 50-day moving average is $32.3 and its 200-day moving average is $27.43. The company has a market cap of $4.089 billion and a P/E ratio of 18.07.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $358.10 million for the quarter, compared to the consensus estimate of $358.39 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that FLIR Systems Inc will post $1.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 6th. Investors of record on Monday, November 18th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.25%.
FLIR Systems, Inc (NASDAQ:FLIR) is a designer, manufacturer, and marketer of thermal imaging systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.