Imperial Capital Brokers Lower Earnings Estimates for FLIR Systems, Inc. (FLIR)

FLIR Systems, Inc. (NASDAQ:FLIR) – Research analysts at Imperial Capital lowered their FY2019 earnings estimates for shares of FLIR Systems in a report released on Thursday. Imperial Capital analyst J. Kessler now forecasts that the scientific and technical instruments company will post earnings per share of $2.22 for the year, down from their prior estimate of $2.23. Imperial Capital currently has a “In-Line” rating and a $53.00 target price on the stock.

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FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $494.80 million during the quarter, compared to the consensus estimate of $501.44 million. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. FLIR Systems’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 firm earned $0.48 earnings per share.

Other research analysts also recently issued research reports about the company. Needham & Company LLC boosted their price target on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. BidaskClub downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Stephens set a $59.00 price target on FLIR Systems and gave the company a “buy” rating in a research note on Friday, February 16th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.86.

FLIR Systems (NASDAQ:FLIR) opened at $49.19 on Friday. The company has a market capitalization of $6,884.86, a PE ratio of 63.06 and a beta of 0.68. FLIR Systems has a 52 week low of $33.95 and a 52 week high of $52.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.51 and a quick ratio of 2.57.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.16 per share. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.64 annualized dividend and a yield of 1.30%. FLIR Systems’s payout ratio is presently 82.05%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in FLIR Systems by 2.8% during the fourth 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. Millennium Management LLC raised its stake in FLIR Systems by 165.4% during the fourth quarter. Millennium Management LLC now owns 2,230,146 shares of the scientific and technical instruments company’s stock worth $103,969,000 after acquiring an additional 1,389,832 shares in the last quarter. Earnest Partners LLC raised its stake in FLIR Systems by 0.7% during the third 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 third 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 position in FLIR Systems during the third quarter worth about $82,147,000. 92.93% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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