FLIR Systems, Inc. (FLIR) Issues Quarterly Earnings Results

FLIR Systems, Inc. (NASDAQ:FLIR) announced its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01, Morningstar.com reports. The company had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. FLIR Systems updated its FY17 guidance to $1.81-1.91 EPS.

FLIR Systems (NASDAQ:FLIR) traded down 0.16% during midday trading on Friday, reaching $37.55. 769,235 shares of the company traded hands. The stock has a market capitalization of $5.15 billion, a P/E ratio of 24.21 and a beta of 0.59. The company has a 50 day moving average of $36.34 and a 200-day moving average of $36.40. FLIR Systems has a 12-month low of $28.26 and a 12-month high of $38.94.

The business 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 is currently 38.46%.

TRADEMARK VIOLATION NOTICE: This piece was reported by [[site]] and is the property of of [[site]]. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at [[permalink]].

In other FLIR Systems news, VP Jeffrey Frank sold 13,971 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Wright Crouch sold 38,800 shares of the firm’s 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 completion of the sale, the director now owns 36,006 shares of the company’s stock, valued at $1,294,415.70. The disclosure for this sale can be found here. Insiders sold 79,358 shares of company stock valued at $2,908,123 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new stake in FLIR Systems during the first quarter worth approximately $106,000. TrimTabs Asset Management LLC bought a new stake in FLIR Systems during the first quarter worth approximately $112,000. Mn Services Vermogensbeheer B.V. boosted its stake in FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 163 shares during the last quarter. FTB Advisors Inc. bought a new stake in FLIR Systems during the first quarter worth approximately $130,000. Finally, Daiwa Securities Group Inc. boosted its stake in FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock worth $141,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of FLIR Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Monday, July 10th. UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Stephens assumed coverage on shares of FLIR Systems in a research report on Friday, July 7th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.13.

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.