FLIR Systems, Inc. (NASDAQ:FLIR) – Investment analysts at SunTrust Banks boosted their FY2018 earnings estimates for shares of FLIR Systems in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Ciarmoli now expects that the scientific and technical instruments company will post earnings of $2.29 per share for the year, up from their prior estimate of $2.15. SunTrust Banks currently has a “Buy” rating and a $43.00 target price on the stock. SunTrust Banks also issued estimates for FLIR Systems’ FY2019 earnings at $2.50 EPS.

FLIR has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Raymond James Financial increased their price target on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. FLIR Systems has a consensus rating of “Buy” and a consensus price target of $46.83.

Shares of FLIR Systems (NASDAQ FLIR) traded up $1.42 during trading on Tuesday, reaching $49.67. 1,416,300 shares of the company’s stock were exchanged, compared to its average volume of 992,940. The stock has a market cap of $6,870.00, a P/E ratio of 31.44 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. FLIR Systems has a 52 week low of $33.75 and a 52 week high of $50.47.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. FLIR Systems’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of FLIR. Schwab Charles Investment Management Inc. grew its stake in FLIR Systems by 2.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 652,207 shares of the scientific and technical instruments company’s stock valued at $22,606,000 after acquiring an additional 18,041 shares during the last quarter. Principal Financial Group Inc. grew its stake in FLIR Systems by 3.4% in the 2nd quarter. Principal Financial Group Inc. now owns 217,884 shares of the scientific and technical instruments company’s stock valued at $7,551,000 after acquiring an additional 7,193 shares during the last quarter. Swiss National Bank grew its stake in FLIR Systems by 3.0% in the 2nd quarter. Swiss National Bank now owns 496,629 shares of the scientific and technical instruments company’s stock valued at $17,213,000 after acquiring an additional 14,300 shares during the last quarter. JPMorgan Chase & Co. grew its stake in FLIR Systems by 66.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 633,869 shares of the scientific and technical instruments company’s stock valued at $21,969,000 after acquiring an additional 254,109 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its stake in FLIR Systems by 14.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after acquiring an additional 400 shares during the last quarter. 92.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.00, for a total transaction of $423,000.00. Following the completion of the sale, the senior vice president now directly owns 29,767 shares in the company, valued at $1,399,049. The disclosure for this sale can be found here. Insiders sold a total of 22,036 shares of company stock valued at $1,039,316 in the last quarter. Insiders own 3.00% of the company’s stock.

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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.

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

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