FLIR Systems (FLIR) Earning Somewhat Positive Media Coverage, Analysis Finds

Media coverage about FLIR Systems (NASDAQ:FLIR) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FLIR Systems earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 46.4045998791631 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several research firms have commented on FLIR. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a report on Thursday, October 26th. Robert W. Baird reissued a “hold” rating and issued a $34.00 target price on shares of FLIR Systems in a report on Tuesday, October 24th. Needham & Company LLC reissued 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 raised their target price on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks raised their target price on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.33.

Shares of FLIR Systems (NASDAQ:FLIR) traded up $0.12 during trading on Wednesday, hitting $46.16. 603,008 shares of the company traded hands, compared to its average volume of 958,331. The company has a market cap of $6,409.06, a price-to-earnings ratio of 25.41 and a beta of 0.62. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. FLIR Systems has a 12 month low of $33.75 and a 12 month high of $48.06.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. equities research analysts predict that FLIR Systems will post 1.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 37.74%.

In related news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $530,208.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The disclosure for this sale can be found here. Insiders have sold a total of 22,036 shares of company stock worth $1,039,316 over the last ninety days. 3.00% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for FLIR Systems (NASDAQ:FLIR)

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