Analysts forecast that FLIR Systems, Inc. (NASDAQ:FLIR) will announce earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for FLIR Systems’ earnings, with estimates ranging from $0.59 to $0.62. FLIR Systems reported earnings per share of $0.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 13th.

On average, analysts expect that FLIR Systems will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.20 to $2.22. For the next fiscal year, analysts forecast that the company will report earnings of $2.39 per share, with EPS estimates ranging from $2.32 to $2.43. Zacks’ EPS averages are a mean average based on a survey of research firms that cover FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The company had revenue of $434.89 million for the quarter, compared to analyst estimates of $445.46 million. During the same period in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis.

Several research firms recently weighed in on FLIR. William Blair upgraded FLIR Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, August 20th. Zacks Investment Research reiterated a “sell” rating on shares of FLIR Systems in a research note on Tuesday, November 13th. Imperial Capital cut FLIR Systems from an “outperform” rating to an “in-line” rating in a research note on Friday, October 19th. Needham & Company LLC lowered their price objective on FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Finally, ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. FLIR Systems presently has a consensus rating of “Hold” and an average target price of $58.17.

In other FLIR Systems news, SVP Todd M. Duchene sold 1,000 shares of FLIR Systems stock in a transaction on Monday, October 15th. The stock was sold at an average price of $55.63, for a total transaction of $55,630.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Vident Investment Advisory LLC raised its stake in shares of FLIR Systems by 51.6% in the second quarter. Vident Investment Advisory LLC now owns 725,192 shares of the scientific and technical instruments company’s stock worth $37,689,000 after purchasing an additional 246,978 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of FLIR Systems by 175.6% in the second quarter. Schroder Investment Management Group now owns 118,026 shares of the scientific and technical instruments company’s stock worth $6,132,000 after purchasing an additional 75,200 shares during the last quarter. Aureus Asset Management LLC raised its stake in shares of FLIR Systems by 42.4% in the second quarter. Aureus Asset Management LLC now owns 5,694 shares of the scientific and technical instruments company’s stock worth $296,000 after purchasing an additional 1,694 shares during the last quarter. ARP Americas LP purchased a new position in shares of FLIR Systems in the third quarter worth $738,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of FLIR Systems by 53.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,474 shares of the scientific and technical instruments company’s stock worth $4,858,000 after purchasing an additional 32,689 shares during the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

NASDAQ FLIR opened at $42.34 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.04 and a current ratio of 4.21. FLIR Systems has a twelve month low of $42.06 and a twelve month high of $63.88. The company has a market cap of $5.97 billion, a P/E ratio of 22.52 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 23rd were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, November 21st. FLIR Systems’s payout ratio is 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.

Featured Story: Backdoor Roth IRA Conversion and Strategy

Get a free copy of the Zacks research report on FLIR Systems (FLIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.