Elbit Systems Ltd. (ESLT) To Go Ex-Dividend on June 23rd

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, May 25th. Investors 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) annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 23rd.

Elbit Systems has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Elbit Systems has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Elbit Systems stock opened at $788.23 on Friday. The business has a 50 day moving average price of $833.04 and a two-hundred day moving average price of $756.85. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. Elbit Systems has a 12 month low of $415.90 and a 12 month high of $1,016.06. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 3.36 and a beta of 0.14.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $950.00 price objective on shares of Elbit Systems in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock 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.