Media headlines about FLIR Systems (NASDAQ:FLIR) have trended somewhat positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FLIR Systems earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned media stories about the scientific and technical instruments company an impact score of 72 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted AlphaOne Sentiment’s analysis:
- Flir: Unrivaled Vision for Any Mission (shootingwire.com)
- Jeffrey Frank Sells 13,971 Shares of FLIR Systems, Inc. (FLIR) Stock (americanbankingnews.com)
- FLIR Systems, Inc. (NasdaqGS:FLIR) Stock Analysis & Valuation Update – DARC News (darcnews.com)
- FLIR Systems, Inc. (NASDAQ:FLIR) versus The Howard Hughes Corporation (NYSE:HHC) – Going the Extra Mile – Geneva Journal (genevajournal.com)
- Coast Guard HC-144 Aircraft Program Procures New Sensors (seapowermagazine.org)
FLIR Systems (NASDAQ:FLIR) traded down 0.75% on Friday, hitting $37.07. The stock had a trading volume of 1,157,867 shares. The company has a 50 day moving average price of $36.52 and a 200-day moving average price of $35.91. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 24.70 and a beta of 0.52. FLIR Systems has a 52-week low of $28.26 and a 52-week high of $37.89.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. FLIR Systems had a return on equity of 12.80% and a net margin of 10.79%. The firm had revenue of $406.80 million for the quarter, compared to the consensus estimate of $408.57 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that FLIR Systems will post $1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. FLIR Systems’s payout ratio is 37.50%.
Several research firms recently commented on FLIR. Imperial Capital cut FLIR Systems from an “outperform” rating to an “in-line” rating and set a $38.00 price objective on the stock. in a research report on Thursday, February 23rd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of FLIR Systems in a report on Tuesday, February 21st. Raymond James Financial, Inc. downgraded FLIR Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 14th. SunTrust Banks, Inc. initiated coverage on FLIR Systems in a report on Thursday, January 19th. They issued a “hold” rating and a $35.00 target price on the stock. Finally, Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.63.
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In related news, SVP Travis D. Merrill sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $37.23, for a total value of $148,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey Frank sold 13,971 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $37.40, for a total value of $522,515.40. The disclosure for this sale can be found here. Insiders sold 32,971 shares of company stock worth $1,230,335 in the last 90 days. Company insiders own 3.00% of the company’s stock.
About FLIR Systems
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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