Trump announces trade deal with EU following months of negotiations
Elbit Systems Limited (NASDAQ:ESLT) stock has reached an unprecedented peak, soaring to an all-time high of $270. The defense electronics company, now valued at $11.8 billion, has demonstrated strong momentum with revenue growth of 11.4% in the last twelve months. This milestone underscores a period of robust growth for the defense electronics company, which has seen its stock value surge by 26.2% over the past year. Investors have rallied behind Elbit's strong performance in the market, reflecting confidence in the company's strategic direction and its ability to secure valuable contracts in the defense sector. The company stands out with its 28-year track record of consistent dividend payments and notably tends to move counter to broader market trends with a beta of -0.14. The all-time high represents not just a 52-week triumph but a historic moment for Elbit Systems, marking a significant achievement in the company's financial journey. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 12 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Elbit Systems Ltd. reported robust third-quarter results, surpassing analyst estimates on both earnings and revenue. The defense technology firm posted adjusted earnings per share of $2.21, significantly outperforming the consensus forecast of $1.72. Revenue saw a year-over-year increase of 14.4%, reaching $1.72 billion and exceeding expectations of $1.63 billion.
These recent developments were largely driven by heightened demand across multiple segments. Notably, the company's Aerospace revenues grew by 7%, Land division sales jumped by 24%, and its U.S. subsidiary, Elbit Systems of America, reported a 17% revenue increase. Furthermore, the company's order backlog hit a record high of $22.1 billion as of the end of the third quarter.
Elbit Systems also noted a materially increased demand for its products from the Israeli Ministry of Defense following the outbreak of the Israel-Hamas war. The company anticipates this heightened demand could potentially generate additional material orders, although it acknowledged the full impact of the ongoing conflict remains uncertain.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.