$0.55 Earnings Per Share Expected for FLIR Systems, Inc. (NASDAQ:FLIR) This Quarter

Wall Street brokerages expect FLIR Systems, Inc. (NASDAQ:FLIR) to report $0.55 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for FLIR Systems’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.61. FLIR Systems also reported earnings of $0.55 per share during the same quarter last year. The firm is expected to report its next earnings results before the market opens on Wednesday, July 24th.

On average, analysts expect that FLIR Systems will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.42. For the next year, analysts expect that the firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.50 to $2.73. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. FLIR Systems had a net margin of 17.13% and a return on equity of 16.84%. The company had revenue of $444.70 million for the quarter, compared to the consensus estimate of $440.98 million. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 1.2% on a year-over-year basis.

A number of research firms have recently weighed in on FLIR. Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a research note on Monday, March 18th. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Imperial Capital upgraded shares of FLIR Systems from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $56.00 to $57.00 in a report on Wednesday, May 22nd. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.43.

In related news, Director John D. Carter sold 10,300 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.10, for a total value of $526,330.00. Following the completion of the sale, the director now owns 53,537 shares in the company, valued at $2,735,740.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven E. Wynne sold 10,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.53, for a total transaction of $525,300.00. Following the completion of the sale, the director now owns 484,031 shares of the company’s stock, valued at approximately $25,426,148.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,121 shares of company stock valued at $3,358,586. 2.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. lifted its stake in shares of FLIR Systems by 5.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 20,516 shares of the scientific and technical instruments company’s stock valued at $894,000 after buying an additional 1,142 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of FLIR Systems in the fourth quarter valued at about $154,000. Two Sigma Investments LP lifted its stake in shares of FLIR Systems by 253.8% in the fourth quarter. Two Sigma Investments LP now owns 341,609 shares of the scientific and technical instruments company’s stock valued at $14,874,000 after buying an additional 245,044 shares during the period. TD Asset Management Inc. raised its position in FLIR Systems by 23.8% in the first quarter. TD Asset Management Inc. now owns 51,113 shares of the scientific and technical instruments company’s stock worth $2,432,000 after purchasing an additional 9,821 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in FLIR Systems by 4.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,920 shares of the scientific and technical instruments company’s stock worth $377,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds own 90.44% of the company’s stock.

NASDAQ:FLIR traded down $0.79 during trading hours on Wednesday, hitting $54.12. 22,201 shares of the stock traded hands, compared to its average volume of 641,956. FLIR Systems has a fifty-two week low of $40.52 and a fifty-two week high of $63.88. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.38 and a beta of 1.18. The business’s 50 day simple moving average is $51.91.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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