Elbit Systems (NASDAQ:ESLT – Get Free Report) posted its quarterly earnings results on Tuesday. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71, Zacks reports. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%.
Elbit Systems Trading Up 10.6 %
Elbit Systems stock opened at $408.53 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 69.83 and a beta of 0.53. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $416.50. The firm’s 50 day moving average price is $312.94 and its two-hundred day moving average price is $257.80.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.
Elbit Systems Company Profile
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.
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