Elbit Systems (NASDAQ:ESLT – Get Free Report) posted its quarterly earnings data on Wednesday. The aerospace company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.31, Zacks reports. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the company posted $1.57 earnings per share.
Elbit Systems Stock Performance
NASDAQ ESLT traded up $0.80 during midday trading on Friday, hitting $200.17. The company had a trading volume of 17,118 shares, compared to its average volume of 23,370. The firm has a fifty day simple moving average of $184.38 and a two-hundred day simple moving average of $197.08. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $225.64. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 0.12. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 39.40 and a beta of 0.53.
Elbit Systems Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, October 15th. Elbit Systems’s payout ratio is currently 32.68%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Elbit Systems
Elbit Systems Company Profile
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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