Elbit Systems (NASDAQ:ESLT) issued its quarterly earnings results on Tuesday. The aerospace company reported $2.01 earnings per share (EPS) for the quarter, Morningstar.com reports. Elbit Systems had a return on equity of 16.32% and a net margin of 7.13%.
Shares of ESLT stock traded down $1.76 during mid-day trading on Wednesday, hitting $131.54. The company had a trading volume of 34,437 shares, compared to its average volume of 41,407. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $5,817.85, a PE ratio of 24.06 and a beta of 0.78. Elbit Systems has a fifty-two week low of $110.12 and a fifty-two week high of $153.13.
Hedge funds have recently modified their holdings of the stock. Financial Gravity Companies Inc. bought a new stake in Elbit Systems during the fourth quarter worth $142,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Elbit Systems by 188.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,124 shares of the aerospace company’s stock worth $149,000 after purchasing an additional 735 shares during the last quarter. First Personal Financial Services lifted its stake in Elbit Systems by 431.5% during the fourth quarter. First Personal Financial Services now owns 1,366 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 1,109 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Elbit Systems during the third quarter worth $198,000. Finally, Macquarie Group Ltd. bought a new stake in Elbit Systems during the third quarter worth $206,000. Institutional investors and hedge funds own 11.79% of the company’s stock.
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Elbit Systems Company Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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