FY2018 Earnings Estimate for FLIR Systems, Inc. Issued By Seaport Global Securities (FLIR)

FLIR Systems, Inc. (NASDAQ:FLIR) – Equities research analysts at Seaport Global Securities boosted their FY2018 earnings per share (EPS) estimates for FLIR Systems in a research note issued on Thursday. Seaport Global Securities analyst J. Sullivan now expects that the scientific and technical instruments company will earn $2.17 per share for the year, up from their previous estimate of $2.15.

FLIR Systems (NASDAQ:FLIR) last posted 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. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. During the same quarter last year, the company earned $0.48 EPS. The company’s revenue was up 14.7% on a year-over-year basis.

Several other equities analysts have also issued reports on FLIR. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, January 9th. SunTrust Banks lifted their price target on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. 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 research note on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.83.

Shares of FLIR Systems (NASDAQ:FLIR) traded up $1.05 on Monday, hitting $52.40. The stock had a trading volume of 1,469,900 shares, compared to its average volume of 941,008. FLIR Systems has a one year low of $33.75 and a one year 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 company has a market cap of $7,261.29, a price-to-earnings ratio of 32.96 and a beta of 0.63.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its holdings in FLIR Systems by 41.6% during the 4th quarter. State of Alaska Department of Revenue now owns 23,050 shares of the scientific and technical instruments company’s stock worth $1,074,000 after buying an additional 6,770 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in FLIR Systems by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 670,223 shares of the scientific and technical instruments company’s stock worth $31,246,000 after buying an additional 21,291 shares during the period. CrestPoint Capital Management LLC acquired a new position in FLIR Systems during the 4th quarter worth about $210,000. Atria Investments LLC raised its position 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 worth $440,000 after acquiring an additional 2,309 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of FLIR Systems in the 3rd quarter worth about $82,147,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction, the vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 three months, insiders have sold 22,036 shares of company stock worth $1,039,316. 3.00% of the stock is currently owned by company insiders.

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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.

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

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