FLIR Systems (NASDAQ:FLIR) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03, Morningstar.com reports. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm had revenue of $494.80 million for the quarter, compared to the consensus estimate of $501.44 million. During the same quarter in the previous year, the company earned $0.48 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. FLIR Systems updated its FY18 guidance to $2.05-2.10 EPS.

FLIR Systems (FLIR) opened at $48.21 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. FLIR Systems has a 12 month low of $33.75 and a 12 month high of $52.88. The firm has a market capitalization of $6,607.22, a PE ratio of 30.32 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.33%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s payout ratio is 37.74%.

FLIR has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price (up previously from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, January 9th. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Monday, January 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research note on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $46.83.

Several hedge funds and other institutional investors have recently made changes to their positions in FLIR. FMR LLC grew its stake in shares of FLIR Systems by 31.1% in the 2nd quarter. FMR LLC now owns 211,997 shares of the scientific and technical instruments company’s stock valued at $7,348,000 after buying an additional 50,342 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of FLIR Systems by 10.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 233,088 shares of the scientific and technical instruments company’s stock valued at $8,079,000 after buying an additional 22,257 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of FLIR Systems by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,356,461 shares of the scientific and technical instruments company’s stock valued at $47,016,000 after buying an additional 53,815 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of FLIR Systems by 887.9% in the 2nd quarter. Janus Henderson Group PLC now owns 145,189 shares of the scientific and technical instruments company’s stock valued at $5,032,000 after buying an additional 130,492 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of FLIR Systems by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 199,333 shares of the scientific and technical instruments company’s stock valued at $6,908,000 after buying an additional 3,340 shares in the last quarter. 91.63% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for FLIR Systems (NASDAQ:FLIR)

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