Q2 2018 EPS Estimates for FLIR Systems, Inc. Lowered by Imperial Capital (FLIR)

FLIR Systems, Inc. (NASDAQ:FLIR) – Investment analysts at Imperial Capital cut their Q2 2018 earnings per share estimates for shares of FLIR Systems in a research note issued on Thursday. Imperial Capital analyst J. Kessler now expects that the scientific and technical instruments company will earn $0.40 per share for the quarter, down from their prior estimate of $0.45.

A number of other research analysts have also weighed in on FLIR. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. BidaskClub lowered FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday. UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Stephens initiated coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating on the stock. Finally, Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $38.13.

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FLIR Systems (NASDAQ:FLIR) traded down 0.737% during midday trading on Monday, hitting $37.045. The stock had a trading volume of 588,994 shares. FLIR Systems has a 1-year low of $28.26 and a 1-year high of $38.95. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 23.885 and a beta of 0.58. The firm has a 50-day moving average price of $36.31 and a 200-day moving average price of $36.39.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The company had revenue of $434.12 million during the quarter, compared to analysts’ expectations of $437.32 million. During the same period in the prior year, the business earned $0.37 earnings per share. FLIR Systems’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in FLIR. Vanguard Group Inc. increased its stake in FLIR Systems by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,326,125 shares of the scientific and technical instruments company’s stock worth $483,473,000 after buying an additional 409,124 shares during the last quarter. BlackRock Inc. increased its stake in FLIR Systems by 1,749.1% in the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after buying an additional 8,314,071 shares during the last quarter. State Street Corp increased its stake in FLIR Systems by 1.4% in the first quarter. State Street Corp now owns 5,459,779 shares of the scientific and technical instruments company’s stock worth $198,084,000 after buying an additional 73,938 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in FLIR Systems by 5.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,027,764 shares of the scientific and technical instruments company’s stock worth $70,283,000 after buying an additional 100,971 shares during the last quarter. Finally, Findlay Park Partners LLP increased its stake in FLIR Systems by 1,465.0% in the first quarter. Findlay Park Partners LLP now owns 1,565,000 shares of the scientific and technical instruments company’s stock worth $56,778,000 after buying an additional 1,465,000 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

In other news, Director Earl R. Lewis sold 15,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $37.26, for a total transaction of $558,900.00. Following the completion of the sale, the director now directly owns 551,234 shares in the company, valued at approximately $20,538,978.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey Frank sold 13,971 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $37.40, for a total value of $522,515.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,771 shares of company stock worth $2,476,275. Insiders own 3.00% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, August 23rd. FLIR Systems’s dividend payout ratio is 38.46%.

About FLIR Systems

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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

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