Zacks: Brokerages Anticipate FLIR Systems, Inc. (FLIR) to Post $0.57 EPS
Wall Street analysts expect FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings per share of $0.57 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for FLIR Systems’ earnings. The highest EPS estimate is $0.61 and the lowest is $0.55. FLIR Systems posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The business is scheduled to announce its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that FLIR Systems will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.89. For the next fiscal year, analysts anticipate that the company will post earnings of $2.09 per share, with EPS estimates ranging from $2.01 to $2.15. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover FLIR Systems.
FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS.
Several analysts recently issued reports on FLIR shares. Needham & Company LLC boosted their price target on FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, July 27th. Robert W. Baird restated a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research note on Tuesday, October 24th. SunTrust Banks, Inc. boosted their price target on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.33.
In other news, Director Steven E. Wynne sold 11,200 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.25, for a total value of $9,995,490.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 283,356 shares of company stock valued at $11,034,806. Corporate insiders own 3.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FLIR. OppenheimerFunds Inc. bought a new stake in shares of FLIR Systems during the 1st quarter valued at $203,000. Wellington Management Group LLP bought a new stake in shares of FLIR Systems during the 1st quarter valued at $248,000. Teachers Advisors LLC lifted its position in shares of FLIR Systems by 32.0% during the 1st quarter. Teachers Advisors LLC now owns 223,789 shares of the scientific and technical instruments company’s stock valued at $8,119,000 after acquiring an additional 54,209 shares during the period. Nuveen Asset Management LLC lifted its position in shares of FLIR Systems by 7.4% during the 1st quarter. Nuveen Asset Management LLC now owns 9,889 shares of the scientific and technical instruments company’s stock valued at $359,000 after acquiring an additional 681 shares during the period. Finally, Capstone Asset Management Co. lifted its position in shares of FLIR Systems by 1.9% during the 2nd quarter. Capstone Asset Management Co. now owns 8,778 shares of the scientific and technical instruments company’s stock valued at $304,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.
FLIR Systems (FLIR) traded up $0.35 during mid-day trading on Friday, hitting $46.88. The company had a trading volume of 918,723 shares, compared to its average volume of 954,687. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. The firm has a market cap of $6,447.86, a price-to-earnings ratio of 25.57 and a beta of 0.63. FLIR Systems has a 1-year low of $33.75 and a 1-year high of $48.06.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.28%. FLIR Systems’s dividend payout ratio (DPR) is presently 37.74%.
About FLIR Systems
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for FLIR Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems Inc. and related stocks with our FREE daily email newsletter.