Elbit Systems (NASDAQ:ESLT) Announces Earnings Results, Beats Estimates By $0.71 EPS

Elbit Systems (NASDAQ:ESLT) posted its quarterly earnings data on Tuesday. The aerospace company reported $2.66 earnings per share for the quarter, beating 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 firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion.

Elbit Systems Stock Performance

Elbit Systems stock opened at $410.60 on Thursday. The stock’s 50 day moving average price is $315.67 and its 200 day moving average price is $258.87. The firm has a market capitalization of $18.25 billion, a PE ratio of 70.19 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 has a one year low of $175.30 and a one year high of $414.64.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued 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 dividend yield of 0.58%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. Elbit Systems’s payout ratio is presently 28.38%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.