Elbit Systems (NASDAQ:ESLT - Get Free Report) released its quarterly earnings results on Tuesday. The aerospace company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71, Zacks reports. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.78 billion.
Elbit Systems Price Performance
Shares of ESLT stock traded down $2.17 on Friday, hitting $410.83. 150,487 shares of the stock traded hands, compared to its average volume of 33,472. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 70.23 and a beta of 0.53. Elbit Systems has a 52 week low of $175.30 and a 52 week high of $420.00. The firm has a 50 day simple moving average of $321.05 and a two-hundred day simple moving average of $262.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.
Elbit Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.58%. This is an increase from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. Elbit Systems's dividend payout ratio (DPR) is presently 27.72%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Read Our Latest Report on ESLT
About Elbit Systems
(
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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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