Elbit Systems (NASDAQ:ESLT – Get Free Report) announced its quarterly earnings data on Tuesday. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18, Zacks reports. Elbit Systems had a net margin of 3.60% and a return on equity of 10.30%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted $1.68 earnings per share.
Elbit Systems Stock Up 3.2 %
Shares of ESLT opened at $211.15 on Thursday. The firm has a market capitalization of $9.39 billion, a P/E ratio of 43.72 and a beta of 0.55. Elbit Systems has a 12-month low of $166.35 and a 12-month high of $225.64. The firm has a fifty day moving average price of $208.18 and a 200-day moving average price of $204.62. The company has a current ratio of 1.12, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13.
Elbit Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Wednesday, April 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Elbit Systems’s payout ratio is 34.37%.
Hedge Funds Weigh In On Elbit Systems
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
Check Out Our Latest Analysis on Elbit Systems
About Elbit Systems
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.
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