Elbit Systems (NASDAQ:ESLT) Issues Earnings Results, Beats Estimates By $0.71 EPS

Elbit Systems (NASDAQ:ESLT) posted its quarterly earnings data on Tuesday. The aerospace company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71, Zacks reports. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion.

Elbit Systems Trading Up 10.6 %

Shares of NASDAQ:ESLT opened at $408.53 on Wednesday. The firm has a fifty day moving average of $312.94 and a two-hundred day moving average of $257.80. The firm has a market capitalization of $18.16 billion, a P/E ratio of 69.83 and a beta of 0.53. Elbit Systems has a 12-month low of $175.30 and a 12-month high of $416.50. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note 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.