Elbit Systems (NASDAQ:ESLT) Releases Earnings Results, Beats Expectations By $0.71 EPS

Elbit Systems (NASDAQ:ESLT) issued its quarterly earnings data on Tuesday. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.78 billion.

Elbit Systems Trading Up 10.6 %

Shares of Elbit Systems stock opened at $408.53 on Wednesday. The company has a market capitalization of $18.16 billion, a P/E ratio of 69.83 and a beta of 0.53. 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 company has a fifty day moving average of $312.94 and a 200 day moving average of $257.80. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $416.50.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

About Elbit Systems

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.