Equities research analysts forecast that FLIR Systems, Inc. (NASDAQ:FLIR) will post $438.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for FLIR Systems’ earnings, with estimates ranging from $434.00 million to $442.53 million. FLIR Systems reported sales of $439.62 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.2%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that FLIR Systems will report full year sales of $1.93 billion for the current year, with estimates ranging from $1.92 billion to $1.94 billion. For the next year, analysts forecast that the company will post sales of $2.03 billion, with estimates ranging from $2.00 billion to $2.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover FLIR Systems.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $448.50 million for the quarter, compared to analyst estimates of $463.91 million. FLIR Systems had a net margin of 15.90% and a return on equity of 16.86%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share.

A number of equities analysts have commented on the stock. Imperial Capital restated an “in-line” rating and issued a $56.00 price target (up from $51.00) on shares of FLIR Systems in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. SunTrust Banks boosted their target price on shares of FLIR Systems to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. FLIR Systems has an average rating of “Buy” and a consensus target price of $62.29.

NASDAQ:FLIR opened at $48.76 on Thursday. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 21.96 and a beta of 1.10. FLIR Systems has a 12 month low of $40.52 and a 12 month high of $63.88. The company has a current ratio of 4.09, a quick ratio of 2.98 and a debt-to-equity ratio of 0.22.

In related news, SVP Todd M. Duchene sold 8,544 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $50.33, for a total transaction of $430,019.52. Following the completion of the sale, the senior vice president now directly owns 24,526 shares of the company’s stock, valued at $1,234,393.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Earl R. Lewis sold 132,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $52.11, for a total transaction of $6,883,731.00. Following the sale, the director now directly owns 635,487 shares of the company’s stock, valued at $33,115,227.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 283,778 shares of company stock valued at $14,651,805. Insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FLIR. CSat Investment Advisory L.P. raised its stake in shares of FLIR Systems by 147.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 574 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of FLIR Systems by 18.2% during the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock worth $63,000 after buying an additional 224 shares during the last quarter. Atlas Capital Advisors LLC raised its stake in shares of FLIR Systems by 493.0% during the fourth quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock worth $122,000 after buying an additional 2,332 shares during the last quarter. Stephens Inc. AR raised its stake in shares of FLIR Systems by 31.1% during the fourth quarter. Stephens Inc. AR now owns 2,840 shares of the scientific and technical instruments company’s stock worth $124,000 after buying an additional 673 shares during the last quarter. Finally, Ffcm LLC raised its stake in shares of FLIR Systems by 660.2% during the fourth quarter. Ffcm LLC now owns 3,193 shares of the scientific and technical instruments company’s stock worth $139,000 after buying an additional 2,773 shares during the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Bid-Ask Spread

Get a free copy of the Zacks research report on FLIR Systems (FLIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.