News coverage about FLIR Systems (NASDAQ:FLIR) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. FLIR Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the scientific and technical instruments company an impact score of 46.6749106794302 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- FLIR Systems, Inc. (FLIR) Expected to Post Quarterly Sales of $502.81 Million (americanbankingnews.com)
- FLIR Systems, Inc. (FLIR) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- FLIR 232 Marine Thermal Camera Receives DAME Design Award Special Mention (flir.com)
- FLIR Systems, Inc. (FLIR) Expected to Announce Earnings of $0.57 Per Share (americanbankingnews.com)
- FLIR Systems, Inc. (FLIR) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Several brokerages have recently issued reports on FLIR. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks, Inc. lifted their target price on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Raymond James Financial, Inc. lifted their target price on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 target price on shares of FLIR Systems in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. FLIR Systems presently has an average rating of “Buy” and an average target price of $46.33.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. equities analysts predict that FLIR Systems will post 1.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.28%. FLIR Systems’s payout ratio is currently 37.74%.
In other FLIR Systems news, COO Thomas A. Surran sold 261,320 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.25, for a total transaction of $9,995,490.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian E. Harding sold 1,836 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $46.90, for a total value of $86,108.40. Following the transaction, the vice president now owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The disclosure for this sale can be found here. Insiders have sold 283,356 shares of company stock worth $11,034,806 over the last three months. 3.00% of the stock is currently owned by insiders.
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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