Analysts Anticipate FLIR Systems, Inc. (FLIR) Will Post Earnings of $0.56 Per Share

Analysts predict that FLIR Systems, Inc. (NASDAQ:FLIR) will post earnings of $0.56 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for FLIR Systems’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.53. FLIR Systems posted earnings per share of $0.52 during the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The company is expected to announce its next earnings results on Wednesday, October 24th.

On average, analysts expect that FLIR Systems will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.25. For the next financial year, analysts anticipate that the firm will post earnings of $2.39 per share, with EPS estimates ranging from $2.28 to $2.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $452.70 million during the quarter, compared to the consensus estimate of $429.12 million. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share.

Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, July 23rd. Seaport Global Securities reiterated a “buy” rating and set a $66.00 price target on shares of FLIR Systems in a report on Thursday, July 26th. Needham & Company LLC upped their price target on shares of FLIR Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Finally, Stephens upped their price target on shares of FLIR Systems from $61.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, July 30th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.75.

Shares of NASDAQ:FLIR traded up $0.08 during trading on Thursday, hitting $59.94. 60,595 shares of the company were exchanged, compared to its average volume of 1,023,005. The company has a market capitalization of $8.19 billion, a PE ratio of 31.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.85 and a current ratio of 4.07. FLIR Systems has a 1-year low of $37.18 and a 1-year high of $60.71.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 24th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.07%. FLIR Systems’s dividend payout ratio (DPR) is presently 34.04%.

In related news, VP Jeffrey Frank sold 3,526 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $54.16, for a total value of $190,968.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Earl R. Lewis sold 39,508 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of $59.05, for a total value of $2,332,947.40. The disclosure for this sale can be found here. Insiders sold 74,078 shares of company stock valued at $4,220,710 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FLIR. Massachusetts Financial Services Co. MA increased its holdings in FLIR Systems by 554.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,428,662 shares of the scientific and technical instruments company’s stock valued at $121,458,000 after purchasing an additional 2,057,823 shares during the period. Artisan Partners Limited Partnership acquired a new stake in FLIR Systems in the first quarter valued at $85,388,000. Morgan Stanley increased its holdings in FLIR Systems by 217.7% in the second quarter. Morgan Stanley now owns 957,781 shares of the scientific and technical instruments company’s stock valued at $49,776,000 after purchasing an additional 656,278 shares during the period. Argent Capital Management LLC increased its holdings in FLIR Systems by 109.6% in the second quarter. Argent Capital Management LLC now owns 1,230,485 shares of the scientific and technical instruments company’s stock valued at $63,948,000 after purchasing an additional 643,290 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in FLIR Systems by 846.8% in the second quarter. Janus Henderson Group PLC now owns 633,637 shares of the scientific and technical instruments company’s stock valued at $32,930,000 after purchasing an additional 566,711 shares during the period. Institutional investors and hedge funds own 92.32% 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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