FLIR Systems Director Sells $3,456,000 in Stock (FLIR)
FLIR Systems (NASDAQ:FLIR) Director Earl R. Lewis unloaded 100,000 shares of FLIR Systems stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $34.56, for a total value of $3,456,000.00. Following the completion of the transaction, the director now directly owns 848,428 shares in the company, valued at approximately $29,321,672. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on FLIR shares. Analysts at Oppenheimer initiated coverage on shares of FLIR Systems in a research note on Thursday, July 17th. They set an “outperform” rating and a $40.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of FLIR Systems from $27.50 to $29.00 in a research note on Tuesday, July 15th. They now have an “underweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FLIR Systems in a research note on Friday, July 11th. They now have a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.00.
Shares of FLIR Systems (NASDAQ:FLIR) traded up 0.23% during mid-day trading on Wednesday, hitting $34.37. 396,081 shares of the company’s stock traded hands. FLIR Systems has a one year low of $27.91 and a one year high of $37.42. The stock has a 50-day moving average of $34.63 and a 200-day moving average of $34.21. The company has a market cap of $4.866 billion and a P/E ratio of 32.97.
FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Thursday, July 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.02. The company had revenue of $369.40 million for the quarter, compared to the consensus estimate of $375.85 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts predict that FLIR Systems will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, August 15th.
FLIR Systems, Inc (NASDAQ:FLIR), is a designer, manufacturer, and marketer of thermal imaging systems.
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