Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Thursday, March 25th, Wall Street Journal reports. Stockholders of record on Monday, April 12th will be paid a dividend of 0.44 per share by the aerospace company on Monday, April 26th. This represents a $1.76 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, April 9th.
Elbit Systems has decreased its dividend payment by 5.1% over the last three years and has increased its dividend every year for the last 1 years. Elbit Systems has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Elbit Systems to earn $7.15 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 24.6%.
Shares of ESLT stock opened at $144.52 on Thursday. Elbit Systems has a one year low of $110.69 and a one year high of $151.21. The firm has a 50-day moving average of $137.40 and a 200-day moving average of $128.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 0.83. The company has a market cap of $6.38 billion, a P/E ratio of 28.90 and a beta of 0.89.
Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, March 23rd. The aerospace company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.45. Elbit Systems had a net margin of 4.81% and a return on equity of 14.56%. As a group, research analysts expect that Elbit Systems will post 6.85 earnings per share for the current fiscal year.
ESLT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Elbit Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 26th. TheStreet upgraded shares of Elbit Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, January 20th.
Elbit Systems Company Profile
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber protection products.
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