FLIR Systems, Inc. (FLIR) Set to Announce Quarterly Earnings on Tuesday
FLIR Systems, Inc. (NASDAQ:FLIR) will announce its earnings results on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. FLIR Systems has set its FY17 guidance at $1.81-1.91 EPS.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, analysts expect FLIR Systems to post $1.85 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at 42.60 on Tuesday. FLIR Systems, Inc. has a one year low of $28.26 and a one year high of $43.41. The stock’s 50 day moving average price is $39.68 and its 200 day moving average price is $37.50. The stock has a market capitalization of $5.84 billion, a PE ratio of 27.47 and a beta of 0.60.
FLIR has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Stephens initiated coverage on FLIR Systems in a research note on Friday, July 7th. They issued an “overweight” rating on the stock. BidaskClub raised FLIR Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Monday, July 10th. Finally, Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.17.
In related news, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.25, for a total transaction of $9,995,490.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total value of $764,400.00. Following the transaction, the director now owns 509,379 shares in the company, valued at approximately $19,468,465.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 292,907 shares of company stock worth $11,191,737. 3.00% of the stock is currently owned by company insiders.
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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