Wall Street brokerages expect that FLIR Systems, Inc. (NASDAQ:FLIR) will announce $0.57 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for FLIR Systems’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.53. FLIR Systems posted earnings per share of $0.52 during 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 results on Wednesday, October 24th.

On average, analysts expect that FLIR Systems will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.20 to $2.25. For the next financial year, analysts anticipate that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.36 to $2.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. The business had revenue of $452.70 million for the quarter, compared to the consensus estimate of $429.12 million. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share.

Several research firms have recently weighed in on FLIR. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. William Blair raised shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Stephens raised their price target on shares of FLIR Systems from $61.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, July 30th. Imperial Capital reissued an “outperform” rating and issued a $60.00 price target (up from $53.00) on shares of FLIR Systems in a research note on Wednesday, August 1st. Finally, Needham & Company LLC raised their price target on shares of FLIR Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.75.

In other FLIR Systems news, SVP Todd M. Duchene sold 3,844 shares of FLIR Systems stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $54.50, for a total transaction of $209,498.00. Following the transaction, the senior vice president now directly owns 37,453 shares of the company’s stock, valued at $2,041,188.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $62.25, for a total transaction of $1,245,000.00. Following the transaction, the director now directly owns 503,387 shares in the company, valued at $31,335,840.75. The disclosure for this sale can be found here. Insiders have sold 89,352 shares of company stock worth $5,349,705 over the last ninety days. 2.00% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of FLIR. Summit Trail Advisors LLC increased its position in shares of FLIR Systems by 3,042.2% during the first quarter. Summit Trail Advisors LLC now owns 103,536 shares of the scientific and technical instruments company’s stock valued at $104,000 after acquiring an additional 100,241 shares during the last quarter. Three Peaks Capital Management LLC acquired a new stake in shares of FLIR Systems during the first quarter valued at about $111,000. Fort L.P. acquired a new stake in shares of FLIR Systems during the second quarter valued at about $117,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of FLIR Systems during the second quarter valued at about $130,000. Finally, Ostrum Asset Management acquired a new stake in shares of FLIR Systems during the first quarter valued at about $143,000. 90.61% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FLIR traded down $0.82 during midday trading on Friday, hitting $62.23. The company’s stock had a trading volume of 26,555 shares, compared to its average volume of 645,583. The company has a current ratio of 4.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.23. The company has a market cap of $8.69 billion, a P/E ratio of 33.28 and a beta of 0.67. FLIR Systems has a 12-month low of $37.66 and a 12-month high of $63.36.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 24th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is presently 34.04%.

FLIR Systems Company Profile

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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