FLIR Systems (FLIR) Receiving Somewhat Favorable News Coverage, Report Shows

Media coverage about FLIR Systems (NASDAQ:FLIR) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FLIR Systems earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.0274619933692 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of FLIR Systems (NASDAQ:FLIR) opened at 37.41 on Friday. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 24.12 and a beta of 0.59. The company’s 50-day moving average price is $36.77 and its 200-day moving average price is $36.51. FLIR Systems has a one year low of $28.26 and a one year high of $38.95.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. On average, equities research analysts predict that FLIR Systems will post $1.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.60 annualized dividend and a yield of 1.60%. FLIR Systems’s dividend payout ratio (DPR) is presently 38.46%.

A number of research analysts have recently weighed in on the company. BidaskClub lowered FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Raymond James Financial, Inc. upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Monday, July 10th. UBS AG upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Finally, Stephens started coverage on FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $38.13.

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In other news, Director William Wright Crouch sold 38,800 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following the transaction, the director now directly owns 36,006 shares of the company’s stock, valued at approximately $1,294,415.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey Frank sold 13,971 shares of the 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. Insiders sold a total of 64,358 shares of company stock worth $2,349,223 over the last ninety days. 3.00% of the stock is currently owned by insiders.

FLIR Systems Company Profile

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.

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