Elbit Systems (ESLT) to Release Quarterly Earnings on Tuesday

Elbit Systems (NASDAQ:ESLT – Get Rating) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 30th. Analysts expect the company to announce earnings of $1.73 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Elbit Systems (NASDAQ:ESLT – Get Rating) last issued its earnings results on Tuesday, March 28th. The aerospace company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.18). The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Elbit Systems had a return on equity of 10.26% and a net margin of 5.00%. On average, analysts expect Elbit Systems to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Elbit Systems Trading Down 1.7 %

Shares of NASDAQ:ESLT opened at $203.60 on Tuesday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 32.94 and a beta of 0.58. Elbit Systems has a 1-year low of $162.01 and a 1-year high of $244.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.72 and a current ratio of 1.18. The company has a 50 day moving average price of $181.81 and a 200 day moving average price of $176.48.

Elbit Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Tuesday, April 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, April 17th. Elbit Systems’s payout ratio is 26.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ESLT shares. StockNews.com cut shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Monday, May 15th. TheStreet upgraded shares of Elbit Systems from a “c+” rating to a “b-” rating in a report on Tuesday, March 14th.

Institutional Investors Weigh In On Elbit Systems

Hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of Elbit Systems by 14.9% in the 1st quarter. Captrust Financial Advisors now owns 695 shares of the aerospace company’s stock valued at $153,000 after acquiring an additional 90 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Elbit Systems by 135.5% in the 4th quarter. Advisors Asset Management Inc. now owns 1,227 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 706 shares in the last quarter. West Family Investments Inc. purchased a new stake in shares of Elbit Systems in the 1st quarter valued at approximately $209,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Elbit Systems in the 1st quarter valued at approximately $209,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors own 18.83% of the company’s stock.

About Elbit Systems

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Elbit Systems Ltd. engages in the defense and homeland security sector. It develops and supplies airborne, land and naval systems and products for defense, homeland security, and commercial applications. The firm also provides training and support services. The company was founded in 1996 and is headquartered in Haifa, Israel.