Flir Systems Inc. (FLIR) Trading 2% Higher
Flir Systems Inc. (NASDAQ:FLIR) traded up 2% on Wednesday . The company traded as high as $31.31 and last traded at $31.24, with a volume of 548,809 shares. The stock had previously closed at $30.62.
A number of equities research analysts have recently weighed in on the company. Raymond James Financial Inc. downgraded Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 target price for the company. in a research report on Monday, July 25th. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Drexel Hamilton restated a “buy” rating on shares of Flir Systems in a research report on Tuesday, May 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.80.
The company has a market capitalization of $4.28 billion and a price-to-earnings ratio of 22.99. The company has a 50 day moving average price of $31.79 and a 200 day moving average price of $31.45.
Flir Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. During the same period last year, the firm earned $0.36 EPS. The firm earned $402.70 million during the quarter, compared to the consensus estimate of $401.56 million. The business’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Flir Systems Inc. will post $1.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, August 17th.
In other news, Director Angus L. Macdonald sold 5,340 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $31.10, for a total value of $166,074.00. Following the completion of the transaction, the director now directly owns 15,528 shares in the company, valued at approximately $482,920.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently bought a new stake in Flir Systems stock. Airain ltd bought a new stake in Flir Systems Inc. (NASDAQ:FLIR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 88,871 shares of the company’s stock, valued at approximately $2,495,000. Airain ltd owned approximately 0.06% of Flir Systems as of its most recent SEC filing.
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security and Detection.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.