FLIR Systems, Inc. (FLIR) Expected to Announce Earnings of $0.57 Per Share

Equities research analysts forecast that FLIR Systems, Inc. (NASDAQ:FLIR) will post $0.57 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for FLIR Systems’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.55. FLIR Systems posted earnings per share of $0.52 in the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that FLIR Systems will report full-year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.83 to $1.89. For the next year, analysts anticipate that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $2.01 to $2.29. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for 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, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The firm had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. During the same period last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis.

FLIR has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target (up from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, January 9th. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Monday, January 8th. Finally, ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. FLIR Systems has an average rating of “Buy” and a consensus price target of $46.83.

In related news, SVP Todd M. Duchene sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $47.00, for a total value of $423,000.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLIR. AustralianSuper Pty Ltd acquired a new stake in shares of FLIR Systems in the third quarter worth approximately $82,147,000. Cramer Rosenthal Mcglynn LLC boosted its position in shares of FLIR Systems by 153.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after acquiring an additional 1,841,965 shares during the last quarter. Permian Investment Partners LP acquired a new stake in shares of FLIR Systems in the third quarter worth approximately $59,964,000. Findlay Park Partners LLP boosted its position in shares of FLIR Systems by 38.3% in the third quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock worth $84,240,000 after acquiring an additional 600,000 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of FLIR Systems by 6.6% in the second quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after acquiring an additional 576,951 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

FLIR Systems (NASDAQ:FLIR) traded up $0.57 during trading hours on Monday, reaching $52.80. 1,000,000 shares of the company’s stock traded hands, compared to its average volume of 941,323. FLIR Systems has a 52-week low of $33.75 and a 52-week high of $52.88. The stock has a market cap of $7,400.00, a P/E ratio of 33.42 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36.

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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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Earnings History and Estimates for FLIR Systems (NASDAQ:FLIR)

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