William Blair Weighs in on FLIR Systems, Inc.’s Q1 2019 Earnings (FLIR)

FLIR Systems, Inc. (NASDAQ:FLIR) – Equities research analysts at William Blair issued their Q1 2019 earnings estimates for FLIR Systems in a research note issued to investors on Wednesday. William Blair analyst J. Ho expects that the scientific and technical instruments company will post earnings of $0.47 per share for the quarter. William Blair also issued estimates for FLIR Systems’ Q2 2019 earnings at $0.51 EPS.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The business had revenue of $494.80 million for the quarter, compared to analyst estimates of $501.44 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year.

Other research analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $50.00 target price (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Raymond James Financial upped their target price on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research 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 issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.43.

FLIR Systems (FLIR) opened at $49.09 on Monday. FLIR Systems has a one year low of $33.95 and a one year high of $52.88. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23. The stock has a market cap of $6,802.61, a PE ratio of 26.11 and a beta of 0.66.

The firm also recently declared 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. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio is 76.92%.

Several hedge funds and other institutional investors have recently made changes to their positions in FLIR. AustralianSuper Pty Ltd purchased a new stake in shares of FLIR Systems in the third quarter valued at about $82,147,000. Permian Investment Partners LP purchased a new stake in shares of FLIR Systems in the third quarter valued at about $59,964,000. Millennium Management LLC lifted its holdings in shares of FLIR Systems by 165.4% in the fourth quarter. Millennium Management LLC now owns 2,230,146 shares of the scientific and technical instruments company’s stock valued at $103,969,000 after purchasing an additional 1,389,832 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of FLIR Systems by 140.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,730,541 shares of the scientific and technical instruments company’s stock valued at $80,678,000 after purchasing an additional 1,011,871 shares in the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new stake in shares of FLIR Systems in the fourth quarter valued at about $28,806,000. 90.32% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for FLIR Systems (NASDAQ:FLIR)

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