Engility (NYSE:EGL) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday.
According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “
A number of other research firms have also commented on EGL. Noble Financial lowered shares of Engility from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group restated a “buy” rating and set a $37.00 price target on shares of Engility in a research report on Friday, October 6th. FBR & Co restated a “buy” rating on shares of Engility in a research report on Monday, October 16th. Cowen set a $36.00 price target on shares of Engility and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Vertical Research lowered shares of Engility from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.00.
Engility (NYSE:EGL) traded down $0.54 on Tuesday, hitting $28.43. 86,962 shares of the stock were exchanged, compared to its average volume of 132,036. The stock has a market cap of $1,070.00, a price-to-earnings ratio of 33.85 and a beta of 2.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.34 and a quick ratio of 1.34. Engility has a 12-month low of $25.70 and a 12-month high of $35.63.
Engility (NYSE:EGL) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.28). The firm had revenue of $487.10 million for the quarter, compared to analysts’ expectations of $496.84 million. Engility had a net margin of 1.57% and a return on equity of 11.87%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. research analysts forecast that Engility will post 2.2 earnings per share for the current year.
In other news, Director Peter Marino sold 15,000 shares of Engility stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $28.39, for a total transaction of $425,850.00. Following the completion of the sale, the director now directly owns 1,213 shares of the company’s stock, valued at approximately $34,437.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas O. Miiller sold 3,000 shares of Engility stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $27.97, for a total transaction of $83,910.00. Following the sale, the senior vice president now directly owns 7,154 shares of the company’s stock, valued at $200,097.38. The disclosure for this sale can be found here. Insiders have sold a total of 23,908 shares of company stock valued at $673,910 over the last ninety days. 0.57% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Engility in the third quarter worth $124,000. Municipal Employees Retirement System of Michigan lifted its stake in Engility by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,620 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 2,450 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Engility in the second quarter worth $206,000. Cubist Systematic Strategies LLC bought a new stake in Engility in the third quarter worth $266,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Engility by 28.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 1,968 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.
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Engility Holdings, Inc (Engility) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide. The Company’s business is focused on providing a range of engineering, technical, analytical, advisory, training, logistics and support services.
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