Elbit Systems Ltd. (NASDAQ:ESLT – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 239,691 shares, an increase of 130.9% from the May 31st total of 103,811 shares. Based on an average daily volume of 94,507 shares, the short-interest ratio is presently 2.5 days. Approximately 0.5% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ESLT. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group decreased their price objective on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Elbit Systems has an average rating of “Hold” and an average target price of $725.25.
View Our Latest Research Report on Elbit Systems
Insider Buying and Selling at Elbit Systems
Institutional Trading of Elbit Systems
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in Elbit Systems during the first quarter worth approximately $26,000. CoreCap Advisors LLC purchased a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $26,000. Optiver Holding B.V. acquired a new position in shares of Elbit Systems during the 1st quarter worth approximately $46,000. Archer Investment Corp acquired a new position in shares of Elbit Systems during the 1st quarter worth approximately $85,000. Finally, Leonteq Securities AG purchased a new position in shares of Elbit Systems during the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 17.88% of the company’s stock.
Elbit Systems Stock Performance
ESLT traded up $23.48 during midday trading on Tuesday, hitting $756.13. 67,306 shares of the company were exchanged, compared to its average volume of 144,993. The firm has a market capitalization of $33.61 billion, a price-to-earnings ratio of 61.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.14. The company’s 50 day simple moving average is $813.06 and its 200 day simple moving average is $770.12. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Elbit Systems has a 1-year low of $422.84 and a 1-year high of $1,016.06.
Elbit Systems (NASDAQ:ESLT – Get Free Report) last issued its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. As a group, sell-side analysts predict that Elbit Systems will post 15.3 earnings per share for the current year.
Elbit Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 23rd. Elbit Systems’s dividend payout ratio is currently 26.88%.
Elbit Systems Company Profile
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.
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