FLIR Systems, Inc. (FLIR) Expected to Announce Earnings of $0.57 Per Share

Wall Street brokerages expect that FLIR Systems, Inc. (NASDAQ:FLIR) will announce earnings of $0.57 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for FLIR Systems’ earnings. The highest EPS estimate is $0.61 and the lowest is $0.55. FLIR Systems reported earnings of $0.52 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.6%. The company is scheduled to report its next earnings results before the market opens on Wednesday, February 14th.

On average, analysts expect that FLIR Systems will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.83 to $1.89. For the next year, analysts expect that the business will post earnings of $2.11 per share, with EPS estimates ranging from $2.01 to $2.29. Zacks’ EPS calculations are an average based on a survey of analysts that follow FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year.

FLIR has been the subject of several recent analyst reports. Raymond James Financial boosted their target price on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird restated a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 target price (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.83.

In other FLIR Systems news, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the sale, the vice president now owns 6,646 shares of the company’s stock, valued at $311,697.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total value of $530,208.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,036 shares of company stock valued at $1,039,316. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of FLIR Systems by 41.6% in the 4th quarter. State of Alaska Department of Revenue now owns 23,050 shares of the scientific and technical instruments company’s stock valued at $1,074,000 after acquiring an additional 6,770 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of FLIR Systems by 3.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 670,223 shares of the scientific and technical instruments company’s stock valued at $31,246,000 after acquiring an additional 21,291 shares during the last quarter. CrestPoint Capital Management LLC bought a new stake in shares of FLIR Systems in the 4th quarter valued at about $210,000. Atria Investments LLC lifted its stake in shares of FLIR Systems by 32.4% in the 4th quarter. Atria Investments LLC now owns 9,441 shares of the scientific and technical instruments company’s stock valued at $440,000 after acquiring an additional 2,309 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in shares of FLIR Systems in the 3rd quarter valued at about $82,147,000. 92.82% of the stock is owned by institutional investors.

FLIR Systems (NASDAQ FLIR) traded down $0.40 during trading on Monday, reaching $52.00. The company had a trading volume of 282,758 shares, compared to its average volume of 896,284. FLIR Systems has a twelve month low of $33.75 and a twelve month high of $52.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. The stock has a market capitalization of $7,210.00, a PE ratio of 32.91 and a beta of 0.63.

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

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