FLIR Systems (FLIR) Earning Somewhat Favorable News Coverage, Study Shows
Media stories about FLIR Systems (NASDAQ:FLIR) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FLIR Systems earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 45.8037323298618 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- FLIR ThermoSight® Pro Series Thermal Weapon Sights – Officer.com (press release) (blog) (officer.com)
- Technical Review of FLIR Systems, Inc. (NASDAQ:FLIR) – The Oracle Examiner (oracleexaminer.com)
- Raytheon Mischaracterized Trade Secrets, Fed. Circ. Told (law360.com)
- Optical Gas Imaging Camera (photonics.com)
- Global Automotive night vision system (NVS) Market Business Overview 2018: FLIR Systems Inc., Autoliv, Robert Bosch GmbH (topexaminer.com)
Several brokerages recently issued reports on FLIR. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and set a $34.00 price objective on shares of FLIR Systems in a report on Tuesday, October 24th. SunTrust Banks lifted their price objective on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (up from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Finally, Raymond James Financial lifted their price objective on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.83.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. FLIR Systems’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. sell-side analysts anticipate that FLIR Systems will post 1.86 EPS for the current year.
In other news, SVP Todd M. Duchene sold 9,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the completion of the transaction, the senior vice president now directly owns 29,767 shares of the company’s stock, valued at $1,399,049. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.34, for a total value of $530,208.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,036 shares of company stock valued at $1,039,316. Insiders own 3.00% of the company’s stock.
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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.
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