FLIR Systems (FLIR) Updates FY18 Earnings Guidance

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.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, February 14th. 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. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company had revenue of $494.80 million for the quarter, compared to analyst estimates of $501.44 million. During the same quarter last year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts forecast that FLIR Systems will post 1.86 EPS for the current fiscal year.

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.

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

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