Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) – Investment analysts at Jefferies Financial Group released Elbit Systems’ earnings forecasts for the first quarter of 2023 in a report published on Tuesday, January 3. Jefferies Financial Group analyst S. Kahyaoglu expects the aerospace company to post earnings of $1.92 per share in the quarter. Elbit Systems’ current consensus estimate for annual earnings is $6.20 per share. Jefferies Financial Group also estimated Elbit Systems’ second-quarter 2023 earnings at EPS of $1.90, third-quarter 2023 earnings at EPS of $2.05, and fourth-quarter 2023 earnings at EPS of $2.13.
ESLT has been the topic of several other research reports. TheStreet downgraded Elbit Systems’ stock from a ‘b’ rating to a ‘c+’ rating in a report on Tuesday, November 29. StockNews.com upgraded Elbit Systems’ stock from a ‘buy’ rating to a ‘strong buy’ rating in a report on Saturday, December 24th.
Elbit Systems price/performance ratio
ESLT shares Wednesday opened at $167.98. The company has a market capitalization of $7.43 billion, a price/earnings ratio of 37.75 and a beta of 0.64. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt to equity ratio of 0.30. Elbit Systems has a 12-month low of $159.00 and a 12-month high of $244.80. The company has a 50-day simple moving average of $181.54 and a 200-day simple moving average of $201.63.
Elbit Systems (NASDAQ:ESLT – Get Rating) last published its quarterly earnings data on Tuesday, November 29th. The aerospace company reported earnings of $1.40 per share for the quarter, missing consensus expectations of $2.11 ($0.71). The business generated $1.35 billion in revenue for the quarter, compared to consensus expectations of $1.36 billion. Elbit Systems’ return on equity was 11.25% and net profit margin was 3.61%.
Elbit Systems Announces Dividend
The company recently announced a quarterly dividend payable on Monday, January 9th. Dividends of $0.50 per share will be issued to shareholders of record on Tuesday, December 27. The ex-dividend date for this dividend is Friday, December 23. This represents his $2.00 dividend and his 1.19% dividend yield on an annualized basis. Elbit Systems’ current payout ratio is 37.30%.
Hedge funds are complicit in the Elbit system
Several institutional investors have recently changed their stock positions. Clal Insurance Enterprises Holdings Ltd raised 12.9% of his stake in Elbit Systems in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,050,536 shares of the aerospace company valued at $468.22 million after purchasing a further 234,434 shares during this period. Vanguard Group Inc. raised his 3.4% stake in Elbit Systems in the third quarter. After purchasing an additional 25,195 shares during this period, Vanguard Group Inc. now owns 767,306 shares of the aerospace company valued at $145,919,000. Meitav Dash Investments Ltd. raised a 2.3% stake in his Elbit Systems in the second quarter. Meitav Dash Investments Ltd. owns 208,014 shares of the aerospace company valued at $47,476,000 after purchasing an additional 4,751 shares during this period. Invesco Ltd. raised a 78.0% stake in his Elbit Systems in the first quarter. Invesco Ltd. now owns 182,503 shares of the aerospace company valued at $40,233,000 after purchasing an additional 79,955 shares during this period. Finally, State Street Corp increased its stake in Elbit Systems by 4.3% in the third quarter. State Street Corp owns 102,457 shares of the aerospace company worth $19,484,000 after purchasing an additional 4,181 shares during this period. Institutional investors and hedge funds own 18.83% of the company’s shares.
Elbit Systems Company Profile
Elbit Systems Ltd. develops and delivers a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications, primarily in Israel. The company provides military aircraft and helicopter systems. commercial aviation systems and structures; unmanned aerial systems; electro-optical, night vision, and countermeasure systems; naval systems; ground vehicle systems; and munitions such as precision munitions for land, air and sea use. Command, control, communications, computers, intelligence, surveillance and reconnaissance, and cyber systems. electronic warfare and signal information systems; and other commercial activities.
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