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Brokerages Anticipate FLIR Systems, Inc. (NASDAQ:FLIR) Will Post Quarterly Sales of $471.42 Million

Wednesday, September 16, 2020 | MarketBeat

Equities analysts expect FLIR Systems, Inc. (NASDAQ:FLIR) to report sales of $471.42 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for FLIR Systems' earnings, with estimates ranging from $463.00 million to $477.24 million. FLIR Systems reported sales of $471.25 million in the same quarter last year, which would suggest a positive year over year growth rate of 0%. The company is expected to issue its next earnings report on Thursday, October 29th.

On average, analysts expect that FLIR Systems will report full-year sales of $1.91 billion for the current fiscal year, with estimates ranging from $1.90 billion to $1.93 billion. For the next financial year, analysts forecast that the firm will report sales of $1.94 billion, with estimates ranging from $1.88 billion to $2.00 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.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Thursday, August 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.13. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $480.02 million. FLIR Systems had a return on equity of 16.45% and a net margin of 7.42%. The firm's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS.

A number of brokerages have issued reports on FLIR. Canaccord Genuity reaffirmed a "buy" rating on shares of FLIR Systems in a research report on Thursday, August 27th. Imperial Capital raised FLIR Systems from an "in-line" rating to an "outperform" rating in a research report on Friday, July 24th. BidaskClub raised FLIR Systems from a "strong sell" rating to a "sell" rating in a research report on Tuesday. William Blair reissued a "buy" rating on shares of FLIR Systems in a research report on Wednesday, June 17th. Finally, Needham & Company LLC increased their price objective on FLIR Systems from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and a consensus price target of $50.00.

Several hedge funds and other institutional investors have recently modified their holdings of FLIR. Acadian Asset Management LLC acquired a new position in shares of FLIR Systems in the first quarter valued at $25,000. Signaturefd LLC raised its stake in shares of FLIR Systems by 223.8% in the second quarter. Signaturefd LLC now owns 667 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 461 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of FLIR Systems in the second quarter valued at $65,000. Flagship Harbor Advisors LLC raised its stake in shares of FLIR Systems by 51.6% in the second quarter. Flagship Harbor Advisors LLC now owns 1,762 shares of the scientific and technical instruments company's stock valued at $71,000 after purchasing an additional 600 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in FLIR Systems by 17.2% during the first quarter. Fifth Third Bancorp now owns 2,538 shares of the scientific and technical instruments company's stock worth $81,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 88.43% of the company's stock.

Shares of FLIR Systems stock opened at $35.34 on Wednesday. The stock has a market capitalization of $4.63 billion, a P/E ratio of 33.66 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $37.36 and a two-hundred day moving average price of $39.33. FLIR Systems has a 12-month low of $23.85 and a 12-month high of $59.44.

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.17 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.92%. FLIR Systems's payout ratio is 30.49%.

About FLIR Systems

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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

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