$0.36 EPS Expected for FLIR Systems, Inc. (FLIR) This Quarter
Analysts expect FLIR Systems, Inc. (NASDAQ:FLIR) to post earnings of $0.36 per share for the current quarter, Zacks reports. Six analysts have issued estimates for FLIR Systems’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.34. FLIR Systems posted earnings of $0.30 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The company is expected to announce its next earnings report before the market opens on Wednesday, April 26th.
On average, analysts expect that FLIR Systems will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.89. For the next year, analysts forecast that the business will post earnings of $2.03 per share, with EPS estimates ranging from $1.90 to $2.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for FLIR Systems.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Tuesday, February 14th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.02. FLIR Systems had a return on equity of 12.80% and a net margin of 10.79%. The company had revenue of $474.70 million for the quarter, compared to analyst estimates of $453.63 million. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.
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A number of equities analysts have recently weighed in on FLIR shares. Zacks Investment Research lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. SunTrust Banks, Inc. began coverage on shares of FLIR Systems in a research report on Thursday, January 19th. They set a “hold” rating and a $35.00 price target for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $34.00 price target on shares of FLIR Systems in a research report on Friday, January 20th. Raymond James Financial, Inc. lowered shares of FLIR Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 14th. Finally, Imperial Capital upped their price target on shares of FLIR Systems from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. FLIR Systems currently has a consensus rating of “Hold” and an average target price of $36.63.
A number of large investors have recently added to or reduced their stakes in FLIR. QCI Asset Management Inc. NY increased its stake in FLIR Systems by 1.8% in the third quarter. QCI Asset Management Inc. NY now owns 238,378 shares of the scientific and technical instruments company’s stock valued at $7,490,000 after buying an additional 4,187 shares in the last quarter. Sei Investments Co. increased its stake in FLIR Systems by 23.8% in the third quarter. Sei Investments Co. now owns 11,249 shares of the scientific and technical instruments company’s stock valued at $354,000 after buying an additional 2,159 shares in the last quarter. Texan Capital Management increased its stake in FLIR Systems by 0.7% in the third quarter. Texan Capital Management now owns 55,495 shares of the scientific and technical instruments company’s stock valued at $1,744,000 after buying an additional 405 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in FLIR Systems during the third quarter valued at about $126,000. Finally, WCM Investment Management CA acquired a new stake in FLIR Systems during the third quarter valued at about $292,000. Institutional investors own 90.79% of the company’s stock.
FLIR Systems (NASDAQ:FLIR) opened at 35.84 on Thursday. The firm has a market cap of $4.89 billion, a P/E ratio of 29.87 and a beta of 0.52. FLIR Systems has a 52-week low of $28.26 and a 52-week high of $37.44. The company’s 50 day moving average is $36.09 and its 200 day moving average is $34.90.
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FLIR Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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