FLIR Systems (FLIR) is Downgraded by Raymond James to Outperform

FLIR Systems (FLIR) was Downgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Jul 25, 2016.

On the company’s financial health, FLIR Systems reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.32. The company had revenue of $379.50 million for the quarter, compared to analysts expectations of $359.88 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

FLIR Systems opened for trading at $32.6 and hit $32.9 on the upside on Wednesday, eventually ending the session at $32.86, with a gain of 0.70% or 0.23 points. The heightened volatility saw the trading volume jump to 8,66,718 shares. Company has a market cap of $4,523 M.

In a different news, on Jun 6, 2016, Earl R Lewis (director) sold 52,288 shares at $30.99 per share price. According to the SEC, on Jun 6, 2016, Angus L Macdonald (director) sold 5,340 shares at $31.10 per share price. On Mar 14, 2016, Steven E Wynne (director) sold 20,000 shares at $31.95 per share price, according to the Form-4 filing with the securities and exchange commission.

FLIR Systems Inc. (FLIR) designs develops markets and distributes thermal imaging systems visible-light imaging systems locater systems measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

FLIR Systems

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