FLIR Systems, Inc. (NASDAQ:FLIR) – Analysts at Imperial Capital decreased their FY2019 earnings estimates for FLIR Systems in a report issued on Thursday. Imperial Capital analyst J. Kessler now forecasts that the scientific and technical instruments company will post earnings per share of $2.22 for the year, down from their prior estimate of $2.23. Imperial Capital has a “In-Line” rating and a $53.00 price target on the stock.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $501.44 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.
Shares of FLIR Systems (NASDAQ FLIR) traded down $0.02 during trading on Friday, reaching $49.54. The company had a trading volume of 639,629 shares, compared to its average volume of 1,036,794. FLIR Systems has a 12 month low of $33.95 and a 12 month high of $52.88. The stock has a market cap of $7,030.73, a PE ratio of 63.54 and a beta of 0.68. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of FLIR Systems by 2.8% in the fourth quarter. BlackRock Inc. now owns 9,950,564 shares of the scientific and technical instruments company’s stock valued at $463,895,000 after buying an additional 274,312 shares in the last quarter. Millennium Management LLC grew its position in FLIR Systems by 165.4% during 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 acquiring an additional 1,389,832 shares during the period. Earnest Partners LLC grew its position in FLIR Systems by 0.7% during the third quarter. Earnest Partners LLC now owns 2,143,629 shares of the scientific and technical instruments company’s stock valued at $83,409,000 after acquiring an additional 14,956 shares during the period. Chevy Chase Trust Holdings Inc. grew its position in FLIR Systems by 4.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock valued at $82,451,000 after acquiring an additional 90,956 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in FLIR Systems during the third quarter valued at about $82,147,000. 92.93% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a $0.16 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio (DPR) is currently 82.05%.
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.
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