$0.49 Earnings Per Share Expected for FLIR Systems, Inc. (FLIR) This Quarter

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Equities research analysts expect FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings of $0.49 per share for the current quarter, according to Zacks. Five analysts have made estimates for FLIR Systems’ earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.53. FLIR Systems posted earnings per share of $0.48 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.1%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, April 24th.

On average, analysts expect that FLIR Systems will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.32 to $2.37. For the next financial year, analysts expect that the company will report earnings of $2.63 per share, with EPS estimates ranging from $2.54 to $2.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $448.50 million during the quarter, compared to analyst estimates of $463.91 million. FLIR Systems had a net margin of 15.90% and a return on equity of 16.86%. The business’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS.

A number of research analysts have weighed in on FLIR shares. Robert W. Baird raised shares of FLIR Systems from a “neutral” rating to an “outperform” rating in a research report on Friday, January 25th. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Imperial Capital reissued an “in-line” rating and set a $56.00 target price (up previously from $51.00) on shares of FLIR Systems in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, Raymond James cut their target price on shares of FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating for the company in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $62.29.

In other news, SVP Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $50.60, for a total transaction of $506,000.00. Following the completion of the transaction, the senior vice president now owns 29,526 shares of the company’s stock, valued at $1,494,015.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Earl R. Lewis sold 132,100 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $52.11, for a total transaction of $6,883,731.00. Following the transaction, the director now directly owns 635,487 shares of the company’s stock, valued at approximately $33,115,227.57. The disclosure for this sale can be found here. Insiders have sold 283,778 shares of company stock valued at $14,651,805 in the last ninety days. 2.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FLIR. Vanguard Group Inc raised its position in FLIR Systems by 2.0% in the third quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock worth $911,374,000 after purchasing an additional 290,026 shares in the last quarter. BlackRock Inc. raised its position in FLIR Systems by 1.5% in the fourth quarter. BlackRock Inc. now owns 9,967,753 shares of the scientific and technical instruments company’s stock worth $433,996,000 after purchasing an additional 150,819 shares in the last quarter. Capital World Investors raised its position in FLIR Systems by 0.3% in the third quarter. Capital World Investors now owns 3,845,310 shares of the scientific and technical instruments company’s stock worth $236,371,000 after purchasing an additional 11,816 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in FLIR Systems by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock worth $147,281,000 after purchasing an additional 292,141 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in FLIR Systems by 7.1% in the third quarter. AQR Capital Management LLC now owns 3,331,074 shares of the scientific and technical instruments company’s stock worth $204,761,000 after purchasing an additional 222,104 shares in the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.

FLIR Systems stock traded up $0.10 on Tuesday, reaching $49.60. 428,683 shares of the stock were exchanged, compared to its average volume of 945,984. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 22.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.09 and a quick ratio of 2.98. FLIR Systems has a twelve month low of $40.52 and a twelve month high of $63.88.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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

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