Elbit Methods Ltd. (NASDAQ:ESLT – Get Free Report) shares gapped down previous to buying and selling on Tuesday . The inventory had beforehand closed at $196.26, however opened at $189.72. Elbit Methods shares final traded at $189.71, with a quantity of 4,154 shares traded.
Wall Road Analysts Forecast Development
Individually, StockNews.com raised shares of Elbit Methods from a “purchase” score to a “strong-buy” score in a report on Friday, August sixteenth.
Test Out Our Newest Evaluation on ESLT
Elbit Methods Inventory Efficiency
The corporate has a market capitalization of $8.54 billion, a price-to-earnings ratio of 37.81 and a beta of 0.54. The inventory’s 50 day transferring common value is $192.36 and its 200 day transferring common value is $195.25. The corporate has a present ratio of 1.13, a fast ratio of 0.66 and a debt-to-equity ratio of 0.10.
Elbit Methods (NASDAQ:ESLT – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, August 14th. The aerospace firm reported $2.08 EPS for the quarter, beating the consensus estimate of $1.77 by $0.31. The agency had income of $1.63 billion through the quarter, in comparison with analysts’ expectations of $1.57 billion. Elbit Methods had a return on fairness of 10.70% and a internet margin of three.85%. Throughout the identical interval within the prior yr, the agency posted $1.57 earnings per share. Analysts count on that Elbit Methods Ltd. will put up 7.8 earnings per share for the present yr.
Elbit Methods Cuts Dividend
The agency additionally not too long ago declared a quarterly dividend, which will probably be paid on Monday, October twenty eighth. Shareholders of file on Tuesday, October fifteenth will probably be issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, October fifteenth. Elbit Methods’s dividend payout ratio is 32.68%.
Hedge Funds Weigh In On Elbit Methods
Institutional traders and hedge funds have not too long ago made adjustments to their positions within the firm. Blue Belief Inc. lifted its holdings in Elbit Methods by 368.6% through the 2nd quarter. Blue Belief Inc. now owns 164 shares of the aerospace firm’s inventory price $29,000 after buying a further 129 shares over the last quarter. Point72 DIFC Ltd purchased a brand new place in Elbit Methods through the 2nd quarter price $35,000. Mitsubishi UFJ Belief & Banking Corp lifted its holdings in shares of Elbit Methods by 56.8% through the first quarter. Mitsubishi UFJ Belief & Banking Corp now owns 232 shares of the aerospace firm’s inventory price $49,000 after shopping for a further 84 shares within the final quarter. Janiczek Wealth Administration LLC boosted its place in shares of Elbit Methods by 53.8% within the first quarter. Janiczek Wealth Administration LLC now owns 409 shares of the aerospace firm’s inventory valued at $86,000 after buying a further 143 shares through the interval. Lastly, Parallel Advisors LLC grew its stake in shares of Elbit Methods by 21.2% within the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace firm’s inventory valued at $114,000 after buying a further 94 shares within the final quarter. Institutional traders and hedge funds personal 17.88% of the corporate’s inventory.
About Elbit Methods
Elbit Methods Ltd. develops and provides a portfolio of airborne, land, and naval programs and merchandise for the protection, homeland safety, and industrial aviation functions primarily in Israel. The corporate operates via Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Methods of America segments.
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