FLIR Systems, Inc. (FLIR) Announces Dividend Increase – $0.16 Per Share

FLIR Systems, Inc. (NASDAQ:FLIR) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders of record on Friday, February 23rd will be given a dividend of 0.16 per share by the scientific and technical instruments company on Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.33%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15.

FLIR Systems (NASDAQ FLIR) traded up $0.53 during trading hours on Wednesday, reaching $48.21. The company’s stock had a trading volume of 761,000 shares, compared to its average volume of 935,687. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. FLIR Systems has a 1-year low of $33.95 and a 1-year high of $52.88. The company has a market cap of $6,607.22, a P/E ratio of 30.32 and a beta of 0.66.

FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $494.80 million for the quarter, compared to the consensus estimate of $501.44 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. equities research analysts expect that FLIR Systems will post 1.86 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. BidaskClub downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Monday, January 8th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.83.

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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.

Dividend History for FLIR Systems (NASDAQ:FLIR)

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