Needham & Company Maintains a 'Hold' on FLIR Systems (FLIR); Trimming Estimates as Year Looks Back-End Loaded
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Price: $57.34 --0%
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on FLIR Systems, Inc. (NASDAQ: FLIR).
Analyst, James Ricciuti, said, "FLIR posted slightly lower than expected Q1 results on Friday, but was able to preserve backlog in the Government Systems business and reaffirm its full year guidance. While portions of the company’s Commercial business have experienced some headwinds from the economy, we still expect this business to be up in the single digits in 2012, offsetting an expected decline in the Gov’t Systems, which was down 19% in Q1. Absent any top-line momentum, we expect FLIR shares to remain range-bound over the near term."
"We are trimming our 2012 EPS est. to $1.60 from $1.63 on revenue of $1.54B. We are shaving a nickel from our 2013 EPS estimate, bringing it to $1.80, on revenues of $1.67B."
For an analyst ratings summary and ratings history on FLIR Systems, Inc. click here. For more ratings news on FLIR Systems, Inc. click here.
Shares of FLIR Systems, Inc. closed at $22.87 yesterday.
Analyst, James Ricciuti, said, "FLIR posted slightly lower than expected Q1 results on Friday, but was able to preserve backlog in the Government Systems business and reaffirm its full year guidance. While portions of the company’s Commercial business have experienced some headwinds from the economy, we still expect this business to be up in the single digits in 2012, offsetting an expected decline in the Gov’t Systems, which was down 19% in Q1. Absent any top-line momentum, we expect FLIR shares to remain range-bound over the near term."
"We are trimming our 2012 EPS est. to $1.60 from $1.63 on revenue of $1.54B. We are shaving a nickel from our 2013 EPS estimate, bringing it to $1.80, on revenues of $1.67B."
For an analyst ratings summary and ratings history on FLIR Systems, Inc. click here. For more ratings news on FLIR Systems, Inc. click here.
Shares of FLIR Systems, Inc. closed at $22.87 yesterday.
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