Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Shareholders of record on Tuesday, October 14th will be given a dividend of 0.75 per share by the aerospace company on Monday, October 27th. This represents a c) dividend on an annualized basis and a yield of 0.7%. This is a 25.0% increase from Elbit Systems's previous quarterly dividend of $0.60.
Elbit Systems has a dividend payout ratio of 18.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.1%.
Elbit Systems Stock Up 5.4%
NASDAQ ESLT traded up $23.58 on Wednesday, reaching $460.76. The company had a trading volume of 158,771 shares, compared to its average volume of 105,109. The firm has a market capitalization of $20.48 billion, a PE ratio of 58.40, a P/E/G ratio of 1.73 and a beta of 0.33. Elbit Systems has a 1 year low of $188.53 and a 1 year high of $494.32. The firm has a 50-day moving average of $444.19 and a 200-day moving average of $392.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.70.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.57 by $0.66. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.89 billion. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. During the same period in the prior year, the business posted $2.08 EPS. On average, equities research analysts anticipate that Elbit Systems will post 8.05 EPS for the current fiscal year.
About Elbit Systems
(
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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.
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