FLIR Systems, Inc. (NASDAQ:FLIR) – Research analysts at Seaport Global Securities reduced their Q1 2018 earnings estimates for shares of FLIR Systems in a research note issued to investors on Thursday. Seaport Global Securities analyst J. Sullivan now expects that the scientific and technical instruments company will earn $0.39 per share for the quarter, down from their previous forecast of $0.44. Seaport Global Securities also issued estimates for FLIR Systems’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.08 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.75 EPS and FY2019 earnings at $2.34 EPS.
FLIR has been the subject of several other reports. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stephens set a $59.00 price objective on FLIR Systems and gave the company a “buy” rating in a report on Friday. Needham & Company LLC lifted their price objective on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday. Finally, SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $49.43.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $494.80 million during the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in FLIR. Exane Derivatives bought a new position in shares of FLIR Systems in the 4th quarter valued at $100,000. Twin Tree Management LP increased its stake in shares of FLIR Systems by 110.0% in the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 1,259 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of FLIR Systems in the 4th quarter valued at $119,000. Advisory Services Network LLC increased its stake in shares of FLIR Systems by 1,238.8% in the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock valued at $125,000 after purchasing an additional 2,490 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in shares of FLIR Systems in the 4th quarter valued at $145,000. 91.63% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.30%. FLIR Systems’s payout ratio is currently 77.92%.
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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.
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