Equities research analysts predict that FLIR Systems, Inc. (NASDAQ:FLIR) will announce earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for FLIR Systems’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.61. FLIR Systems reported earnings per share of $0.52 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.6%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that FLIR Systems will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.83 to $1.89. For the next financial year, analysts anticipate that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $2.01 to $2.29. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The firm had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. During the same quarter last year, the business earned $0.48 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year.

A number of brokerages have issued reports on FLIR. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. SunTrust Banks lifted their target price on shares of FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Finally, Raymond James Financial lifted 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.83.

In other news, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,036 shares of company stock valued at $1,039,316. Insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. AXA grew its holdings in FLIR Systems by 0.8% in the second quarter. AXA now owns 24,102 shares of the scientific and technical instruments company’s stock valued at $835,000 after purchasing an additional 200 shares during the period. WCM Investment Management CA grew its holdings in FLIR Systems by 6.1% in the third quarter. WCM Investment Management CA now owns 19,045 shares of the scientific and technical instruments company’s stock valued at $741,000 after purchasing an additional 1,100 shares during the period. Stifel Financial Corp grew its holdings in FLIR Systems by 2.0% in the second quarter. Stifel Financial Corp now owns 66,672 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after purchasing an additional 1,306 shares during the period. Prudential Financial Inc. grew its holdings in FLIR Systems by 0.7% in the third quarter. Prudential Financial Inc. now owns 186,216 shares of the scientific and technical instruments company’s stock valued at $7,246,000 after purchasing an additional 1,350 shares during the period. Finally, First Merchants Corp grew its holdings in FLIR Systems by 2.5% in the third quarter. First Merchants Corp now owns 56,393 shares of the scientific and technical instruments company’s stock valued at $2,193,000 after purchasing an additional 1,389 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Shares of FLIR Systems (NASDAQ:FLIR) traded down $0.40 on Monday, reaching $52.00. 282,758 shares of the company’s stock were exchanged, compared to its average volume of 896,284. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $7,210.00, a PE ratio of 32.91 and a beta of 0.63. FLIR Systems has a one year low of $33.75 and a one year high of $52.44.

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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.

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

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