Elbit Systems (NASDAQ:ESLT - Get Free Report) issued its quarterly earnings data on Tuesday. The aerospace company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.78 billion.
Elbit Systems Trading Down 0.5 %
NASDAQ ESLT traded down $2.17 during mid-day trading on Friday, reaching $410.83. 150,487 shares of the stock were exchanged, compared to its average volume of 33,399. Elbit Systems has a 1-year low of $175.30 and a 1-year high of $420.00. The business's fifty day simple moving average is $321.05 and its 200 day simple moving average is $261.38. The stock has a market capitalization of $18.26 billion, a PE ratio of 70.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15.
Elbit Systems Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. Elbit Systems's dividend payout ratio (DPR) is 27.72%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Read Our Latest Stock Analysis on Elbit Systems
Elbit Systems Company Profile
(
Get Free Report)
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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