FLIR Systems, Inc. (NASDAQ:FLIR) Declares Quarterly Dividend of $0.15
FLIR Systems, Inc. (NASDAQ:FLIR) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Shareholders of record on Friday, August 25th will be paid a dividend of 0.15 per share by the scientific and technical instruments company on Friday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%.
FLIR Systems (NASDAQ FLIR) traded down 3.40% on Wednesday, reaching $37.46. 1,040,112 shares of the company’s stock were exchanged. FLIR Systems has a 52-week low of $28.26 and a 52-week high of $38.94. The company has a market cap of $5.11 billion, a PE ratio of 24.96 and a beta of 0.58. The firm’s 50 day moving average price is $36.28 and its 200 day moving average price is $36.32.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $434.12 million during the quarter, compared to analyst estimates of $437.32 million. FLIR Systems had a net margin of 12.32% and a return on equity of 13.58%. FLIR Systems’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, analysts expect that FLIR Systems will post $1.85 earnings per share for the current year.
In related news, Director William Wright Crouch sold 38,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following the completion of the sale, the director now directly owns 36,006 shares in the company, valued at $1,294,415.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl R. Lewis sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $37.26, for a total transaction of $558,900.00. Following the sale, the director now owns 551,234 shares of the company’s stock, valued at $20,538,978.84. The disclosure for this sale can be found here. Insiders sold 71,771 shares of company stock valued at $2,625,195 over the last quarter. Company insiders own 3.00% of the company’s stock.
FLIR has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. BidaskClub lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Stephens initiated coverage on shares of FLIR Systems in a research note on Friday, July 7th. They issued an “overweight” rating for the company. UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research note on Monday, July 10th. Finally, Raymond James Financial, Inc. upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. FLIR Systems presently has an average rating of “Buy” and a consensus price target of $37.63.
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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