Elbit Systems (ESLT) to Release Earnings on Tuesday

Elbit Systems (NASDAQ:ESLTGet Rating) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 24th. Analysts expect the company to announce earnings of $1.90 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Elbit Systems (NASDAQ:ESLTGet Rating) last issued its earnings results on Tuesday, March 29th. The aerospace company reported $2.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.04). Elbit Systems had a return on equity of 15.10% and a net margin of 5.20%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. On average, analysts expect Elbit Systems to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of ESLT opened at $209.05 on Monday. Elbit Systems has a 12-month low of $122.85 and a 12-month high of $238.97. The business’s fifty day moving average is $215.94 and its 200 day moving average is $186.21. The company has a quick ratio of 0.82, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The stock has a market cap of $9.23 billion, a P/E ratio of 33.72 and a beta of 0.76.

The company also recently announced a quarterly dividend, which was paid on Monday, April 25th. Investors of record on Monday, April 11th were issued a $0.50 dividend. This is a boost from Elbit Systems’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, April 8th. Elbit Systems’s dividend payout ratio (DPR) is currently 26.77%.

A number of equities research analysts recently commented on the company. StockNews.com lowered Elbit Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Zacks Investment Research raised Elbit Systems from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC increased its holdings in Elbit Systems by 3.2% in the 1st quarter. HighTower Advisors LLC now owns 2,708 shares of the aerospace company’s stock worth $598,000 after acquiring an additional 83 shares during the last quarter. Captrust Financial Advisors boosted its stake in Elbit Systems by 14.9% in the 1st quarter. Captrust Financial Advisors now owns 695 shares of the aerospace company’s stock worth $153,000 after purchasing an additional 90 shares during the period. Citadel Advisors LLC boosted its position in shares of Elbit Systems by 14.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,946 shares of the aerospace company’s stock valued at $281,000 after acquiring an additional 247 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Elbit Systems by 3.6% during the 1st quarter. Bank of Montreal Can now owns 7,262 shares of the aerospace company’s stock valued at $502,000 after acquiring an additional 250 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Elbit Systems by 10.6% during the 3rd quarter. Royal Bank of Canada now owns 2,658 shares of the aerospace company’s stock valued at $385,000 after acquiring an additional 255 shares during the last quarter.

About Elbit Systems (Get Rating)

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 offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities.

Featured Stories

Earnings History for Elbit Systems (NASDAQ:ESLT)

Receive News & Ratings for Elbit Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems and related companies with MarketBeat.com's FREE daily email newsletter.