Shares of FLIR Systems, Inc. (NASDAQ:FLIR) recorded 5.47% gain during trading session on April 24th, 2019. The script traded as low as $50.83 and last traded at $53.42. 3.45 million shares changed exchanged hands during trading, a drop of -375969.42% from the 30-day average session volume of 917.09K shares. The firm had previously closed at $50.65. The company has $134.22M outstanding shares, a price-to-earnings ratio of 26.46, price-to-earnings-growth ratio of 4.04and a beta of 1.09. The company has a RSI of 73.45, ATR of 1.10 and a volatility of 2.81% this week. FLIR has a 52 week low price of $40.52 and a 52 week high price of $63.88.
Investors have identified the tech company FLIR Systems, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 7.17B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
FLIR Systems, Inc. (FLIR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FLIR, the company has in raw cash 512.14 million on their books with 32.7 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 1.36 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
FLIR were able to record 343.38 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 6.95 million. In cash movements, the company had a total of 374.16 million as operating cash flow.
Potential earnings growth for FLIR Systems, Inc. (FLIR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, FLIR Systems, Inc. recorded a total of 448.46 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.10% coming in sequential stages and their sales for the third quarter increasing by 0.03%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 220.68 million trying to sell their products during the last quarter, with the result yielding a gross income of 227.78 million. This allows shareholders to hold on to 134.22M with the revenue now reading 720 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.58 cents a share).
Is the stock of FLIR attractive?
Having a look at the company’s valuation, the company is expected to record 2.63 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FLIR sounds very interesting.
In related news, Sr VP, General Counsel and Sec DUCHENE TODD M sold 5,000 shares of the company’s stock in a transaction that recorded on March 15th, 2019. The sale was performed at an average price of 50.51, for a total value of 252,550. As the sale deal closes, the Sr VP, General Counsel and Sec DUCHENE TODD M now sold 5,000 shares of the company’s stock, valued at 253,100. Also, Director SMITH MICHAEL T sold 11,290 shares of the company’s stock in a deal that was recorded on March 14th, 2019. The shares were sold at an average price of 50.75 per share, with a total market value of 105,000. Following this completion of acquisition, the Sr VP, General Counsel and Sec now holds 5,000 shares of the company’s stock, valued at 252,900. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
2 out of 9 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on FLIR Systems, Inc. stock. 0 analysts has assigned a Sell rating on the FLIR stock. The 12-month mean consensus price target for the company’s shares has been set at $58.00.