Brokerages forecast that Engility Holdings, Inc. (NYSE:EGL) will announce earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Engility’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.41. Engility reported earnings per share of $0.51 during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.7%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, March 1st.
According to Zacks, analysts expect that Engility will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.17 to $2.25. For the next year, analysts anticipate that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.05 to $2.31. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Engility.
Engility (NYSE:EGL) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.28). Engility had a net margin of 1.57% and a return on equity of 11.87%. The firm had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.
A number of research firms have recently weighed in on EGL. Maxim Group restated a “hold” rating on shares of Engility in a report on Friday, November 3rd. Cowen restated a “hold” rating and issued a $36.00 price target on shares of Engility in a report on Monday, November 6th. Drexel Hamilton cut shares of Engility from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Noble Financial upgraded shares of Engility from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research cut shares of Engility from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $35.00.
In related news, SVP Thomas O. Miiller sold 3,000 shares of Engility stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $27.97, for a total value of $83,910.00. Following the completion of the sale, the senior vice president now directly owns 7,154 shares in the company, valued at approximately $200,097.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas O. Miiller sold 4,483 shares of Engility stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $28.59, for a total transaction of $128,168.97. Following the completion of the sale, the senior vice president now owns 10,154 shares of the company’s stock, valued at $290,302.86. The disclosure for this sale can be found here. Insiders sold a total of 23,908 shares of company stock valued at $673,910 over the last quarter. 0.41% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Engility in the 3rd quarter worth approximately $124,000. OxFORD Asset Management LLP purchased a new position in Engility during the 2nd quarter worth approximately $206,000. Municipal Employees Retirement System of Michigan raised its position in Engility by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,620 shares of the aerospace company’s stock worth $230,000 after buying an additional 2,450 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Engility by 28.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock worth $249,000 after buying an additional 1,968 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Engility during the 3rd quarter worth approximately $266,000. Institutional investors own 92.64% of the company’s stock.
Engility (EGL) traded up $0.17 during trading hours on Thursday, hitting $27.84. 269,092 shares of the stock were exchanged, compared to its average volume of 82,031. Engility has a twelve month low of $25.70 and a twelve month high of $35.63. The company has a market cap of $1,025.21, a PE ratio of 33.95 and a beta of 2.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.31.
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Engility Company Profile
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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