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

Press coverage about FLIR Systems (NASDAQ:FLIR) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FLIR Systems earned a news impact score of 0.22 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 45.7784876981688 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of FLIR Systems (NASDAQ:FLIR) traded down $0.54 during trading on Tuesday, reaching $46.82. 396,533 shares of the company traded hands, compared to its average volume of 957,871. The company has a market cap of $6,562.88, a P/E ratio of 29.45 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. FLIR Systems has a one year low of $33.75 and a one year high of $48.43.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. FLIR Systems’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. analysts anticipate that FLIR Systems will post 1.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is currently 37.74%.

A number of equities research analysts have recently issued reports on FLIR shares. Needham & Company LLC boosted their price objective on shares of FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks boosted their price objective on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Raymond James Financial upped their target price on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. FLIR Systems has an average rating of “Buy” and an average target price of $46.33.

In other FLIR Systems news, Director Steven E. Wynne sold 11,200 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the sale, the vice president now owns 6,646 shares in the company, valued at approximately $311,697.40. The disclosure for this sale can be found here. Insiders sold a total of 22,036 shares of company stock valued at $1,039,316 in the last ninety days. 3.00% of the stock is currently owned by insiders.

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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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