FLIR Systems (NASDAQ:FLIR) announced its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03, Morningstar.com reports. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The business had revenue of $494.80 million for the quarter, compared to analyst estimates of $501.44 million. During the same period last year, the business earned $0.48 EPS. The company’s revenue was up 4.2% on a year-over-year basis. FLIR Systems updated its FY18 guidance to $2.05-2.10 EPS.
Shares of FLIR Systems (NASDAQ FLIR) opened at $48.21 on Wednesday. FLIR Systems has a one year low of $33.75 and a one year high of $52.88. 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 $6,607.22, a price-to-earnings ratio of 30.32 and a beta of 0.66.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a dividend of $0.16 per share. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.33%. FLIR Systems’s dividend payout ratio (DPR) is currently 37.74%.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in FLIR Systems by 2.8% during the 4th quarter. BlackRock Inc. now owns 9,950,564 shares of the scientific and technical instruments company’s stock worth $463,895,000 after acquiring an additional 274,312 shares in the last quarter. Findlay Park Partners LLP raised its stake in FLIR Systems by 38.3% during the 3rd quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock worth $84,240,000 after acquiring an additional 600,000 shares in the last quarter. Earnest Partners LLC raised its stake in FLIR Systems by 0.7% during the 3rd quarter. Earnest Partners LLC now owns 2,143,629 shares of the scientific and technical instruments company’s stock worth $83,409,000 after acquiring an additional 14,956 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in FLIR Systems by 4.5% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock worth $82,451,000 after acquiring an additional 90,956 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in FLIR Systems during the 3rd quarter worth $82,147,000. Hedge funds and other institutional investors own 91.63% 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.
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