FLIR Systems, Inc. (NASDAQ:FLIR) declared a quarterly dividend on Wednesday, July 26th, RTT News reports. Shareholders of record on Friday, August 25th will be paid a dividend of 0.15 per share by the scientific and technical instruments company on Friday, September 8th. This represents a $0.60 annualized dividend and a yield of 1.55%.
FLIR Systems (NASDAQ:FLIR) traded down 3.40% during trading on Wednesday, hitting $37.46. 1,040,112 shares of the stock traded hands. FLIR Systems has a 52-week low of $28.26 and a 52-week high of $38.94. The stock has a market cap of $5.11 billion, a P/E ratio of 24.96 and a beta of 0.58. The stock has a 50 day moving average price of $36.28 and a 200-day moving average price of $36.32.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a net margin of 12.32% and a return on equity of 13.58%. The firm had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that FLIR Systems will post $1.85 EPS for the current fiscal year.
In related news, SVP Travis D. Merrill sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $37.23, for a total transaction of $148,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Wright Crouch sold 38,800 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $35.95, for a total value of $1,394,860.00. Following the sale, the director now directly owns 36,006 shares of the company’s stock, valued at $1,294,415.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,771 shares of company stock worth $2,625,195. Insiders own 3.00% of the company’s stock.
A number of research analysts have weighed in on the company. BidaskClub upgraded FLIR Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Raymond James Financial, Inc. upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Monday, July 10th. UBS AG upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Stephens assumed coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating on the stock. Finally, Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.63.
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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