FLIR Systems, Inc. (NASDAQ:FLIR) – Investment analysts at William Blair raised their Q1 2019 earnings per share estimates for shares of FLIR Systems in a research report issued to clients and investors on Thursday, February 14th. William Blair analyst L. Dipalma now anticipates that the scientific and technical instruments company will post earnings per share of $0.55 for the quarter, up from their previous forecast of $0.54. William Blair also issued estimates for FLIR Systems’ Q3 2019 earnings at $0.59 EPS, FY2019 earnings at $2.35 EPS and FY2020 earnings at $2.58 EPS.

FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. FLIR Systems had a return on equity of 16.86% and a net margin of 15.90%. The company had revenue of $448.50 million during the quarter, compared to the consensus estimate of $463.91 million. During the same quarter last year, the company earned $0.58 earnings per share. FLIR Systems’s quarterly revenue was down 9.4% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research reissued a “sell” rating on shares of FLIR Systems in a report on Tuesday, November 13th. ValuEngine raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Needham & Company LLC reduced their target price on FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, November 1st. SunTrust Banks raised their target price on FLIR Systems to $60.00 and gave the company a “buy” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Finally, BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. FLIR Systems has an average rating of “Buy” and a consensus price target of $61.57.

FLIR Systems stock opened at $52.04 on Monday. FLIR Systems has a one year low of $40.52 and a one year high of $63.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.09 and a quick ratio of 3.04. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 23.44 and a beta of 1.12.

Several hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of FLIR Systems by 18.2% in the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after buying an additional 224 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of FLIR Systems by 1.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,633 shares of the scientific and technical instruments company’s stock valued at $898,000 after buying an additional 224 shares in the last quarter. Daiwa Securities Group Inc. increased its position in FLIR Systems by 6.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,639 shares of the scientific and technical instruments company’s stock worth $246,000 after purchasing an additional 350 shares in the last quarter. Cardinal Capital Management increased its position in FLIR Systems by 2.2% during the 4th quarter. Cardinal Capital Management now owns 16,889 shares of the scientific and technical instruments company’s stock worth $735,000 after purchasing an additional 360 shares in the last quarter. Finally, Simmons Bank increased its position in FLIR Systems by 3.0% during the 4th quarter. Simmons Bank now owns 12,750 shares of the scientific and technical instruments company’s stock worth $555,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.16. FLIR Systems’s dividend payout ratio (DPR) is currently 28.83%.

About FLIR Systems

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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