Elbit Systems (NASDAQ:ESLT) Issues Quarterly Earnings Results

Elbit Systems (NASDAQ:ESLT) announced its quarterly earnings data on Wednesday. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm earned $1.57 earnings per share.

Elbit Systems Trading Up 0.4 %

Shares of ESLT stock traded up $0.80 during mid-day trading on Friday, reaching $200.17. The stock had a trading volume of 17,118 shares, compared to its average volume of 23,370. The firm has a market capitalization of $8.90 billion, a PE ratio of 39.40 and a beta of 0.53. The stock’s 50-day moving average price is $184.38 and its two-hundred day moving average price is $197.08. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. Elbit Systems has a 52-week low of $175.30 and a 52-week high of $225.64.

Elbit Systems Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.66 annualized dividend and a yield of 0.83%. Elbit Systems’s payout ratio is currently 32.68%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.