Elbit Systems Ltd. (ESLT) to Issue Quarterly Dividend of $0.75 on January 5th

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Monday, November 17th. Investors of record on Monday, December 22nd will be paid a dividend of 0.75 per share by the aerospace company on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd.

Elbit Systems has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Elbit Systems has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Elbit Systems to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.25 annual dividend with an expected future payout ratio of 25.4%.

Elbit Systems Price Performance

Shares of ESLT traded up $13.09 during midday trading on Friday, hitting $554.25. 152,370 shares of the company traded hands, compared to its average volume of 98,338. The stock has a 50-day moving average of $488.19 and a 200-day moving average of $472.72. Elbit Systems has a one year low of $255.01 and a one year high of $557.11. The firm has a market cap of $24.64 billion, a P/E ratio of 56.33, a PEG ratio of 1.88 and a beta of 0.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. Elbit Systems had a net margin of 5.91% and a return on equity of 15.04%. As a group, sell-side analysts predict that Elbit Systems will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

ESLT has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Elbit Systems in a research report on Monday. Wall Street Zen lowered Elbit Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. JPMorgan Chase & Co. upped their price objective on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Bank of America raised their price objective on shares of Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $550.33.

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.