Zacks: Analysts Expect FLIR Systems (FLIR) Will Announce Quarterly Sales of $397.52 Million

Equities research analysts expect that FLIR Systems (NASDAQ:FLIR) will report $397.52 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for FLIR Systems’ earnings, with the highest sales estimate coming in at $406.52 million and the lowest estimate coming in at $387.00 million. FLIR Systems posted sales of $406.81 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, April 25th.

On average, analysts expect that FLIR Systems will report full-year sales of $1.75 billion for the current fiscal year, with estimates ranging from $1.74 billion to $1.78 billion. For the next year, analysts anticipate that the firm will post sales of $1.84 billion per share, with estimates ranging from $1.81 billion to $1.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for FLIR Systems.

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



Several research firms recently commented on FLIR. BidaskClub raised FLIR Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 4th. Imperial Capital increased their price objective on FLIR Systems from $38.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, March 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $58.00 price objective (up from $56.00) on shares of FLIR Systems in a research report on Monday, March 12th. ValuEngine raised FLIR Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Stephens set a $59.00 target price on FLIR Systems and gave the company a “buy” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $51.86.

Hedge funds have recently bought and sold shares of the business. Exane Derivatives bought a new position in FLIR Systems in the fourth quarter valued at about $100,000. Twin Tree Management LP lifted its holdings in FLIR Systems by 110.0% in the fourth quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after acquiring an additional 1,259 shares during the period. Cerebellum GP LLC bought a new position in FLIR Systems in the fourth quarter valued at about $119,000. Advisory Services Network LLC lifted its holdings in FLIR Systems by 1,238.8% in the fourth quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock valued at $125,000 after acquiring an additional 2,490 shares during the period. Finally, First Mercantile Trust Co. bought a new position in FLIR Systems in the fourth quarter valued at about $145,000. 93.00% of the stock is currently owned by institutional investors.

Shares of FLIR Systems stock traded down $0.13 during trading on Thursday, hitting $52.58. 682,138 shares of the company’s stock traded hands, compared to its average volume of 833,905. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.51 and a quick ratio of 2.57. FLIR Systems has a 1 year low of $33.95 and a 1 year high of $53.42. The stock has a market capitalization of $7,304.41, a PE ratio of 27.97 and a beta of 0.68.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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

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