FLIR Systems, Inc. (NASDAQ:FLIR) declared a quarterly dividend on Wednesday, July 26th, RTT News reports. Investors of record on Friday, August 25th will be given a dividend of 0.15 per share by the scientific and technical instruments company on Friday, September 8th. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date is Wednesday, August 23rd.
FLIR Systems (FLIR) opened at 37.37 on Tuesday. The company’s 50-day moving average is $37.27 and its 200 day moving average is $36.63. FLIR Systems has a 12-month low of $28.26 and a 12-month high of $38.94. The stock has a market capitalization of $5.13 billion, a PE ratio of 24.09 and a beta of 0.59.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The business had revenue of $434.12 million for the quarter, compared to the consensus estimate of $437.32 million. During the same period in the previous year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that FLIR Systems will post $1.85 EPS for the current year.
In related news, Director Earl R. Lewis sold 11,587 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.27, for a total transaction of $431,847.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Earl R. Lewis sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total transaction of $764,400.00. Following the transaction, the director now directly owns 509,379 shares in the company, valued at $19,468,465.38. The disclosure for this sale can be found here. Insiders have sold 70,387 shares of company stock worth $2,591,107 over the last ninety days. 3.00% of the stock is currently owned by insiders.
FLIR has been the topic of a number of research reports. BidaskClub downgraded shares of FLIR Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Raymond James Financial, Inc. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Monday, July 10th. Stephens initiated coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an “overweight” rating on the stock. 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. Finally, Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $38.13.
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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