Elbit Systems Ltd. (NASDAQ:ESLT) Declares Quarterly Dividend of $0.42

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.416 per share by the aerospace company on Monday, October 28th. This represents a $1.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, October 15th.

Elbit Systems has raised its dividend by an average of 6.2% per year over the last three years. Elbit Systems has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Elbit Systems to earn $8.50 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 23.5%.

Elbit Systems Trading Up 0.1 %

Shares of NASDAQ:ESLT opened at $205.63 on Monday. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $225.64. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The company has a market cap of $9.14 billion, a PE ratio of 40.48 and a beta of 0.53. The company’s 50-day moving average price is $197.69 and its 200 day moving average price is $194.32.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.31. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. During the same quarter in the previous year, the business earned $1.57 EPS. Sell-side analysts anticipate that Elbit Systems will post 7.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

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.