$502.81 Million in Sales Expected for FLIR Systems, Inc. (FLIR) This Quarter

Brokerages expect FLIR Systems, Inc. (NASDAQ:FLIR) to post sales of $502.81 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for FLIR Systems’ earnings. The lowest sales estimate is $492.00 million and the highest is $521.62 million. FLIR Systems reported sales of $474.74 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The firm is expected to report its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that FLIR Systems will report full year sales of $502.81 million for the current fiscal year, with estimates ranging from $1.79 billion to $1.83 billion. For the next year, analysts forecast that the business will report sales of $1.92 billion per share, with estimates ranging from $1.86 billion to $1.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share.

FLIR has been the topic of a number of recent analyst reports. Raymond James Financial lifted their price objective on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 25th. Needham & Company LLC lifted their price objective on shares of FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a report on Tuesday, October 24th. Finally, SunTrust Banks lifted their target price on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $46.33.

FLIR Systems (NASDAQ:FLIR) traded down $0.15 during mid-day trading on Monday, reaching $46.43. The company’s stock had a trading volume of 949,100 shares, compared to its average volume of 956,922. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. The company has a market capitalization of $6,420.00, a PE ratio of 25.51 and a beta of 0.62. FLIR Systems has a 12 month low of $33.75 and a 12 month high of $48.06.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. FLIR Systems’s dividend payout ratio is currently 37.97%.

In other FLIR Systems news, Director Steven E. Wynne sold 11,200 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now owns 6,646 shares of the company’s stock, valued at $311,697.40. The disclosure for this sale can be found here. Insiders sold a total of 22,036 shares of company stock worth $1,039,316 in the last three months. 3.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLIR. Commonwealth Bank of Australia lifted its holdings in FLIR Systems by 14.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in FLIR Systems in the 2nd quarter worth approximately $116,000. ETF Managers Group LLC acquired a new stake in FLIR Systems in the 2nd quarter worth approximately $171,000. Sei Investments Co. increased its position in FLIR Systems by 76.3% in the 3rd quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock worth $175,000 after buying an additional 1,951 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in FLIR Systems in the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

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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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