Elbit Systems Ltd. Plans Quarterly Dividend of $1.00 (NASDAQ:ESLT)

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Monday, May 25th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 1.00 per share by the aerospace company on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Elbit Systems has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Elbit Systems has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Elbit Systems to earn $18.55 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 17.9%.

Elbit Systems Price Performance

Shares of Elbit Systems stock opened at $788.23 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41. The stock has a market capitalization of $35.04 billion, a PE ratio of 63.82, a price-to-earnings-growth ratio of 3.36 and a beta of 0.14. Elbit Systems has a 52-week low of $415.90 and a 52-week high of $1,016.06. The company has a 50-day simple moving average of $833.04 and a two-hundred day simple moving average of $756.85.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.89. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. On average, analysts anticipate that Elbit Systems will post 15.23 EPS for the current fiscal year.

Analysts Set New Price Targets

ESLT has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Jefferies Financial Group reissued a “hold” rating and issued a $950.00 target price on shares of Elbit Systems in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price target on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $742.75.

About Elbit Systems

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.