Elbit Systems (ESLT) Set to Announce Quarterly Earnings on Wednesday

Elbit Systems (NASDAQ:ESLT) will post its quarterly earnings results before the market opens on Wednesday, August 14th. Analysts expect the company to announce earnings of $1.77 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.21. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.49 billion. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. During the same quarter last year, the business posted $1.70 earnings per share. On average, analysts expect Elbit Systems to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Elbit Systems Trading Down 2.0 %

Shares of ESLT stock opened at $187.92 on Tuesday. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $225.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.16. The stock’s fifty day moving average is $184.04 and its two-hundred day moving average is $197.17. The firm has a market capitalization of $8.35 billion, a P/E ratio of 36.99 and a beta of 0.53.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 18th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Elbit Systems’s payout ratio is presently 32.68%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

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.