FLIR Systems, Inc. (NASDAQ:FLIR) – Equities researchers at Seaport Global Securities decreased their Q1 2018 earnings per share (EPS) estimates for FLIR Systems in a note issued to investors on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now forecasts that the scientific and technical instruments company will earn $0.39 per share for the quarter, down from their prior estimate of $0.44. Seaport Global Securities also issued estimates for FLIR Systems’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.08 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.75 EPS and FY2019 earnings at $2.34 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 for the quarter, beating 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 firm had revenue of $494.80 million during the quarter, compared to the consensus estimate of $501.44 million. During the same period in the prior year, the firm earned $0.48 EPS. The business’s revenue was up 4.2% on a year-over-year basis.
Shares of FLIR Systems (NASDAQ:FLIR) traded down $0.72 during trading on Monday, reaching $50.65. 843,897 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23. FLIR Systems has a 12-month low of $33.95 and a 12-month high of $52.88. The company has a market cap of $7,020.00, a P/E ratio of 34.93 and a beta of 0.68.
Several large investors have recently added to or reduced their stakes in FLIR. Exane Derivatives bought a new position in shares of FLIR Systems during the 4th quarter worth about $100,000. Twin Tree Management LP lifted its holdings in shares of FLIR Systems by 110.0% during the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after acquiring an additional 1,259 shares during the period. Cerebellum GP LLC bought a new position in shares of FLIR Systems during the 4th quarter worth about $119,000. Advisory Services Network LLC lifted its holdings in shares of FLIR Systems by 1,238.8% during the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after acquiring an additional 2,490 shares during the period. Finally, First Mercantile Trust Co. bought a new position in shares of FLIR Systems during the 4th quarter worth about $145,000. 92.96% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 44.14%.
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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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