Equities research analysts forecast that FLIR Systems, Inc. (NASDAQ:FLIR) will post sales of $446.26 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for FLIR Systems’ earnings. The lowest sales estimate is $439.63 million and the highest is $451.00 million. FLIR Systems posted sales of $405.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The company is expected to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that FLIR Systems will report full-year sales of $446.26 million for the current year, with estimates ranging from $1.79 billion to $1.81 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.89 billion per share, with estimates ranging from $1.86 billion to $1.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The company had revenue of $434.12 million during the quarter, compared to analysts’ expectations of $437.32 million. During the same quarter in the previous year, the company earned $0.37 EPS. FLIR Systems’s revenue was up 7.8% on a year-over-year basis.

FLIR has been the subject of several recent research reports. BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Stephens initiated coverage on FLIR Systems in a research note on Friday, July 7th. They issued an “overweight” rating for the company. UBS AG raised 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. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. FLIR Systems currently has a consensus rating of “Buy” and an average price target of $38.13.

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In other FLIR Systems news, Director Earl R. Lewis sold 11,587 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.27, for a total transaction of $431,847.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffrey Frank sold 13,971 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $522,515.40. The disclosure for this sale can be found here. Insiders have sold a total of 64,358 shares of company stock valued at $2,349,223 in the last three months. Insiders own 3.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV increased its stake in FLIR Systems by 17.4% in the first quarter. KBC Group NV now owns 16,107 shares of the scientific and technical instruments company’s stock worth $584,000 after buying an additional 2,389 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in FLIR Systems by 0.8% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 656,698 shares of the scientific and technical instruments company’s stock worth $23,825,000 after buying an additional 5,089 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in FLIR Systems by 5.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,027,764 shares of the scientific and technical instruments company’s stock worth $70,283,000 after buying an additional 100,971 shares in the last quarter. BlackRock Inc. increased its stake in FLIR Systems by 1,749.1% in the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after buying an additional 8,314,071 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in FLIR Systems by 21.7% in the first quarter. Legal & General Group Plc now owns 192,923 shares of the scientific and technical instruments company’s stock worth $6,999,000 after buying an additional 34,448 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Shares of FLIR Systems (NASDAQ FLIR) opened at 37.89 on Wednesday. The stock’s 50 day moving average is $36.93 and its 200 day moving average is $36.57. FLIR Systems has a 12 month low of $28.26 and a 12 month high of $38.94. The firm has a market cap of $5.20 billion, a PE ratio of 24.43 and a beta of 0.59.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, August 23rd. FLIR Systems’s dividend payout ratio is presently 38.46%.

About FLIR Systems

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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Earnings History and Estimates for FLIR Systems (NASDAQ:FLIR)

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