$501.13 Million in Sales Expected for FLIR Systems, Inc. (FLIR) This Quarter

Wall Street brokerages forecast that FLIR Systems, Inc. (NASDAQ:FLIR) will announce $501.13 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for FLIR Systems’ earnings, with estimates ranging from $492.00 million to $521.62 million. FLIR Systems posted sales of $474.74 million in the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that FLIR Systems will report full year sales of $501.13 million for the current financial year, with estimates ranging from $1.80 billion to $1.83 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.92 billion per share, with estimates ranging from $1.86 billion to $1.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow FLIR Systems.

Several analysts recently commented on the stock. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective (up previously from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. Finally, Raymond James Financial lifted their price objective on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.83.

Shares of FLIR Systems (NASDAQ FLIR) opened at $47.04 on Friday. The company has a market cap of $6,438.16, a PE ratio of 25.53 and a beta of 0.66. 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 twelve month low of $33.75 and a twelve month high of $52.88.

A number of institutional investors have recently modified their holdings of the business. Arizona State Retirement System raised its stake in FLIR Systems by 3.2% in the 4th quarter. Arizona State Retirement System now owns 35,111 shares of the scientific and technical instruments company’s stock worth $1,637,000 after purchasing an additional 1,089 shares in the last quarter. WCM Investment Management CA raised its position in shares of FLIR Systems by 6.1% in the 3rd quarter. WCM Investment Management CA now owns 19,045 shares of the scientific and technical instruments company’s stock valued at $741,000 after buying an additional 1,100 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of FLIR Systems by 10.4% in the 4th quarter. CIBC Asset Management Inc now owns 13,277 shares of the scientific and technical instruments company’s stock valued at $619,000 after buying an additional 1,249 shares in the last quarter. Twin Tree Management LP raised its position in shares of FLIR Systems by 110.0% in the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after buying an additional 1,259 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of FLIR Systems by 2.0% in the 2nd quarter. Stifel Financial Corp now owns 66,672 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after buying an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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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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