BidaskClub upgraded shares of FLIR Systems, Inc. (NASDAQ:FLIR) from a sell rating to a hold rating in a report published on Monday, July 17th.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of FLIR Systems from a buy rating to a hold rating in a research note on Tuesday, April 18th. 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 for the company in a research note on Monday, July 10th. Stephens assumed coverage on shares of FLIR Systems in a research note on Friday, July 7th. They set an overweight rating for the company. Finally, UBS AG raised shares of FLIR Systems from a market perform rating to a strong-buy rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. FLIR Systems currently has an average rating of Buy and an average target price of $38.13.
FLIR Systems (FLIR) traded down 0.16% on Monday, hitting $37.55. The company’s stock had a trading volume of 769,235 shares. The firm 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 firm has a market cap of $5.15 billion, a price-to-earnings ratio of 24.21 and a beta of 0.59.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $434.12 million during the quarter, compared to the consensus estimate of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. Equities research analysts forecast that FLIR Systems will post $1.85 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “FLIR Systems, Inc. (FLIR) Stock Rating Upgraded by BidaskClub” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://stocknewstimes.com/2017/08/07/flir-systems-inc-flir-upgraded-at-bidaskclub-updated-updated.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is 38.46%.
In related news, VP Jeffrey Frank sold 13,971 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $37.40, for a total value of $522,515.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl R. Lewis sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $37.26, for a total transaction of $558,900.00. Following the completion of the transaction, the director now directly owns 551,234 shares of the company’s stock, valued at approximately $20,538,978.84. The disclosure for this sale can be found here. Insiders sold 79,358 shares of company stock valued at $2,908,123 in the last three months. 3.00% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Cribstone Capital Management LLC acquired a new position in shares of FLIR Systems during the first quarter worth approximately $106,000. TrimTabs Asset Management LLC purchased a new position in FLIR Systems during the first quarter valued at about $112,000. FTB Advisors Inc. purchased a new position in FLIR Systems during the first quarter valued at about $130,000. Mn Services Vermogensbeheer B.V. raised its position 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 valued at $123,000 after buying an additional 163 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position 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 valued at $141,000 after buying an additional 700 shares in the last quarter. 91.43% of the stock is owned by institutional investors.
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.
Receive News & Ratings for FLIR Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
