Elbit Systems Ltd. (ESLT) Stock Price Down 1.6%


Elbit Systems Ltd. (NASDAQ:ESLT)’s share price traded down 1.6% during mid-day trading on Monday . The company traded as low as $94.31 and last traded at $95.12, with a volume of 57,504 shares. The stock had previously closed at $96.70.
Separately, Standpoint Research assumed coverage on Elbit Systems in a report on Monday, August 1st. They set an “accumulate” rating and a $115.00 price target on the stock.
The stock has a 50-day moving average price of $99.77 and a 200-day moving average price of $95.19. The company has a market cap of $4.07 billion, a PE ratio of 18.55 and a beta of 0.72.

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Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, August 16th. The company reported $1.47 earnings per share for the quarter. Elbit Systems had a net margin of 6.90% and a return on equity of 17.62%. The firm earned $804.50 million during the quarter, compared to analysts’ expectations of $749.50 million. On average, equities research analysts expect that Elbit Systems Ltd. will post $4.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 5th. Shareholders of record on Friday, August 26th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.60 dividend on an annualized basis and a yield of 1.68%. Elbit Systems’s payout ratio is currently 31.25%.

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