FLIR Systems, Inc. (NASDAQ:FLIR) – Seaport Global Securities raised their Q4 2018 earnings per share (EPS) estimates for shares of FLIR Systems in a research note issued to investors on Monday, February 11th. Seaport Global Securities analyst J. Sullivan now forecasts that the scientific and technical instruments company will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.59. Seaport Global Securities also issued estimates for FLIR Systems’ FY2019 earnings at $2.36 EPS.
A number of other research firms have also recently weighed in on FLIR. Robert W. Baird upgraded FLIR Systems from a “neutral” rating to an “outperform” rating in a report on Friday, January 25th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. BidaskClub upgraded FLIR Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Raymond James cut their target price on FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 11th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $61.83.
NASDAQ FLIR opened at $51.68 on Thursday. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 27.49 and a beta of 1.12. FLIR Systems has a fifty-two week low of $40.52 and a fifty-two week high of $63.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.21 and a quick ratio of 3.04.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $463.91 million. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. FLIR Systems’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.16. FLIR Systems’s dividend payout ratio is presently 34.04%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its position in shares of FLIR Systems by 18.2% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 224 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of FLIR Systems by 6.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,639 shares of the scientific and technical instruments company’s stock valued at $246,000 after purchasing an additional 350 shares in the last quarter. Cardinal Capital Management raised its position in shares of FLIR Systems by 2.2% in the 4th quarter. Cardinal Capital Management now owns 16,889 shares of the scientific and technical instruments company’s stock valued at $735,000 after purchasing an additional 360 shares in the last quarter. Simmons Bank raised its position in shares of 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 valued at $555,000 after acquiring an additional 375 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of FLIR Systems by 4.8% during the 4th quarter. IFM Investors Pty Ltd now owns 8,280 shares of the scientific and technical instruments company’s stock valued at $361,000 after acquiring an additional 376 shares in the last quarter. 90.84% of the stock is currently owned by institutional investors.
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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