FLIR Systems (FLIR) Announces Quarterly Earnings Results

FLIR Systems (NASDAQ:FLIR) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03, Morningstar.com reports. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The firm had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. During the same period in the previous year, the business earned $0.48 earnings per share. FLIR Systems’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.

Shares of FLIR Systems (NASDAQ 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. The stock has a market capitalization of $6,607.22, a PE ratio of 30.32 and a beta of 0.66. FLIR Systems has a twelve month low of $33.75 and a twelve month high of $52.88.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its holdings in FLIR Systems by 3.2% during the 4th quarter. Arizona State Retirement System now owns 35,111 shares of the scientific and technical instruments company’s stock worth $1,637,000 after buying an additional 1,089 shares during the period. WCM Investment Management CA raised its holdings in FLIR Systems by 6.1% during the 3rd quarter. WCM Investment Management CA now owns 19,045 shares of the scientific and technical instruments company’s stock worth $741,000 after buying an additional 1,100 shares during the period. CIBC Asset Management Inc raised its holdings in FLIR Systems by 10.4% during the 4th quarter. CIBC Asset Management Inc now owns 13,277 shares of the scientific and technical instruments company’s stock worth $619,000 after buying an additional 1,249 shares during the period. Twin Tree Management LP raised its holdings in FLIR Systems by 110.0% during the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after buying an additional 1,259 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in FLIR Systems by 13.5% during the 4th quarter. First Republic Investment Management Inc. now owns 11,162 shares of the scientific and technical instruments company’s stock worth $520,000 after buying an additional 1,327 shares during the period. Hedge funds and other institutional investors own 91.63% of the company’s stock.

Several brokerages have commented on FLIR. BidaskClub cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks boosted their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research report on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.83.

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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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