Elbit Systems Ltd (NASDAQ: ESLT) has reported earnings for its first fiscal quarter (ending March 31) of $1.66 versus $1.40 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.12 compared to $6.42 a year ago.
Recent Price Action
Elbit Systems Ltd (NASDAQ: ESLT) stock closed at $193.20 on 5/28/24 after a decline of -2.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 244% of normal. The stock has declined -3.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ESLT is expected to continue to be an important Value Builder.
Elbit Systems has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Elbit Systems has a neutral Power Rating of 48 but a poor Appreciation Score of 20, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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