Elbit Systems Ltd. (NASDAQ:ESLT) Announces Quarterly Dividend of $1.00

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Monday, May 25th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 1.00 per share by the aerospace company on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Elbit Systems has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Elbit Systems has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $18.55 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 17.9%.

Elbit Systems Price Performance

ESLT opened at $788.23 on Friday. The firm’s 50 day simple moving average is $833.04 and its two-hundred day simple moving average is $756.85. The company has a market capitalization of $35.04 billion, a PE ratio of 63.82, a PEG ratio of 3.36 and a beta of 0.14. Elbit Systems has a 1-year low of $415.90 and a 1-year high of $1,016.06. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.89. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. As a group, equities analysts forecast that Elbit Systems will post 15.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ESLT shares. Jefferies Financial Group reiterated a “hold” rating and set a $950.00 target price on shares of Elbit Systems in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upped their price target on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Elbit Systems has an average rating of “Moderate Buy” and a consensus price target of $742.75.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.