Zacks: Analysts Expect Engility Holdings, Inc. (EGL) to Post $0.43 EPS

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.

COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Expect Engility Holdings, Inc. (EGL) to Post $0.43 EPS” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/21/zacks-analysts-expect-engility-holdings-inc-egl-to-post-0-43-eps.html.

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.

Get a free copy of the Zacks research report on Engility (EGL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Engility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply