Zacks: Analysts Anticipate FLIR Systems (FLIR) to Announce $0.49 Earnings Per Share

Wall Street brokerages predict that FLIR Systems (NASDAQ:FLIR) will announce earnings of $0.49 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for FLIR Systems’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.52. FLIR Systems posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The business is scheduled to announce its next earnings report on Wednesday, July 25th.

On average, analysts expect that FLIR Systems will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.19. For the next fiscal year, analysts forecast that the business will post earnings of $2.31 per share, with EPS estimates ranging from $2.23 to $2.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. FLIR Systems had a net margin of 5.66% and a return on equity of 15.43%. The business had revenue of $439.60 million for the quarter, compared to analysts’ expectations of $397.84 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year.

Several equities analysts recently weighed in on FLIR shares. Stephens set a $59.00 price target on shares of FLIR Systems and gave the company a “buy” rating in a research report on Friday, February 16th. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, March 3rd. Needham & Company LLC raised their price target on shares of FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Imperial Capital raised their price target on shares of FLIR Systems from $38.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, March 22nd. Finally, ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. FLIR Systems presently has an average rating of “Buy” and a consensus target price of $52.86.

In other FLIR Systems news, Director Angus L. Macdonald sold 12,532 shares of FLIR Systems stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $54.11, for a total transaction of $678,106.52. Following the transaction, the director now owns 33,209 shares of the company’s stock, valued at approximately $1,796,938.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Angus L. Macdonald sold 22,368 shares of FLIR Systems stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $54.09, for a total transaction of $1,209,885.12. Following the transaction, the director now directly owns 21,745 shares in the company, valued at approximately $1,176,187.05. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. lifted its position in shares of FLIR Systems by 1.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 58,585 shares of the scientific and technical instruments company’s stock worth $2,930,000 after buying an additional 1,026 shares in the last quarter. Pettee Investors Inc. lifted its position in shares of FLIR Systems by 5.8% during the 1st quarter. Pettee Investors Inc. now owns 19,749 shares of the scientific and technical instruments company’s stock worth $988,000 after buying an additional 1,083 shares in the last quarter. Arizona State Retirement System lifted its position in shares of 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of FLIR Systems by 23.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,901 shares of the scientific and technical instruments company’s stock worth $275,000 after buying an additional 1,138 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of FLIR Systems by 2.7% during the 1st quarter. Perigon Wealth Management LLC now owns 45,649 shares of the scientific and technical instruments company’s stock worth $2,283,000 after buying an additional 1,205 shares in the last quarter. 92.96% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ FLIR traded up $0.30 during trading hours on Monday, hitting $54.68. The company’s stock had a trading volume of 44,757 shares, compared to its average volume of 1,042,459. FLIR Systems has a 52 week low of $33.95 and a 52 week high of $55.67. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 29.04 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.72 and a current ratio of 3.91.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 25th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, May 24th. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. FLIR Systems’s dividend payout ratio is currently 34.04%.

About FLIR Systems

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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