FLIR Systems (NASDAQ:FLIR) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.05-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.16. The company issued revenue guidance of $1.73-1.76 billion, compared to the consensus revenue estimate of $1.91 billion.
A number of brokerages have commented on FLIR. BidaskClub cut FLIR Systems from a buy rating to a hold rating in a research note on Saturday, February 3rd. Zacks Investment Research cut FLIR Systems from a buy rating to a hold rating in a research note on Friday, February 2nd. SunTrust Banks raised their price objective 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 reissued 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, Robert W. Baird reissued a hold rating and issued a $34.00 price objective on shares of FLIR Systems in a research note on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $46.83.
FLIR Systems (FLIR) opened at $48.21 on Wednesday. FLIR Systems has a fifty-two week low of $33.75 and a fifty-two week high of $52.88. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6,607.22, a P/E ratio of 26.20 and a beta of 0.66.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio (DPR) is currently 37.74%.
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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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