FLIR Systems, Inc. (FLIR) Expected to Post Earnings of $0.49 Per Share

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Wall Street brokerages expect FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings of $0.49 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for FLIR Systems’ earnings. The highest EPS estimate is $0.52 and the lowest is $0.45. FLIR Systems reported earnings of $0.42 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, July 25th.

On average, analysts expect that FLIR Systems will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.18. For the next financial year, analysts anticipate that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.23 to $2.39. Zacks’ EPS calculations are an average based on a survey of research analysts that cover FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $439.60 million for the quarter, compared to the consensus estimate of $397.84 million. FLIR Systems had a return on equity of 15.43% and a net margin of 5.66%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS.

Several analysts have weighed in on FLIR shares. William Blair started coverage on FLIR Systems in a research note on Friday, May 18th. They set a “hold” rating on the stock. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target (up from $58.00) on shares of FLIR Systems in a research report on Thursday, May 31st. BidaskClub cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Finally, Imperial Capital lifted their price target on FLIR Systems from $38.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, March 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.86.

FLIR Systems traded up $0.59, hitting $53.23, during mid-day trading on Thursday, Marketbeat.com reports. 18,353 shares of the company’s stock traded hands, compared to its average volume of 983,157. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.91 and a quick ratio of 2.72. The company has a market capitalization of $7.25 billion, a P/E ratio of 28.06 and a beta of 0.75. FLIR Systems has a one year low of $36.43 and a one year high of $55.72.

In other news, Director Angus L. Macdonald sold 22,368 shares of FLIR Systems stock in a transaction on Friday, May 4th. The stock was sold at an average price of $54.09, for a total transaction of $1,209,885.12. Following the transaction, the director now directly owns 21,745 shares in the company, valued at approximately $1,176,187.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Angus L. Macdonald sold 12,532 shares of FLIR Systems stock in a transaction on Monday, April 30th. The stock was sold at an average price of $54.11, for a total value of $678,106.52. Following the completion of the transaction, the director now owns 33,209 shares in the company, valued at $1,796,938.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,626 shares of company stock worth $3,566,256. 2.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Three Peaks Capital Management LLC acquired a new position in shares of FLIR Systems in the 1st quarter worth $111,000. Ostrum Asset Management acquired a new position in shares of FLIR Systems in the 1st quarter worth $143,000. Cerebellum GP LLC acquired a new position in shares of FLIR Systems in the 2nd quarter worth $172,000. BB&T Securities LLC acquired a new position in shares of FLIR Systems in the 1st quarter worth $209,000. Finally, Suntrust Banks Inc. acquired a new position in shares of FLIR Systems in the 1st quarter worth $225,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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

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