FLIR Systems, Inc. (FLIR) Expected to Announce Earnings of $0.60 Per Share
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.
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
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.