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

Elbit Systems (NASDAQ:ESLT) released its quarterly earnings results on Tuesday. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71, Zacks reports. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%.

Elbit Systems Price Performance

NASDAQ ESLT opened at $410.60 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $414.64. The company has a fifty day simple moving average of $315.67 and a 200 day simple moving average of $258.87. The company has a market cap of $18.25 billion, a P/E ratio of 70.19 and a beta of 0.53.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.60 per share. This is an increase from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems’s dividend payout ratio is currently 28.38%.

Wall Street Analyst Weigh In

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

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.