Q3 2016 Earnings Estimate for Engility Holdings Inc. (EGL) Issued By Jefferies Group
Engility Holdings Inc. (NYSE:EGL) – Investment analysts at Jefferies Group raised their Q3 2016 earnings per share estimates for Engility Holdings in a report issued on Friday. Jefferies Group analyst A. Singh now anticipates that the brokerage will post earnings of $0.34 per share for the quarter, up from their prior estimate of $0.33. Jefferies Group currently has a “Buy” rating and a $37.00 price target on the stock. Jefferies Group also issued estimates for Engility Holdings’ Q4 2016 earnings at $0.45 EPS and FY2016 earnings at $1.37 EPS.
Engility Holdings (NYSE:EGL) last released its quarterly earnings data on Monday, August 1st. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Engility Holdings had a negative net margin of 10.89% and a positive return on equity of 9.03%. The business earned $535 million during the quarter, compared to analyst estimates of $519.69 million. During the same period in the previous year, the business earned $0.51 EPS. Engility Holdings’s revenue was down 6.9% compared to the same quarter last year.
EGL has been the topic of several other research reports. Cowen and Company started coverage on shares of Engility Holdings in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $27.00 price objective on the stock. FBR & Co boosted their price objective on shares of Engility Holdings from $25.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 26th. SunTrust Banks Inc. assumed coverage on shares of Engility Holdings in a research note on Thursday, July 21st. They issued a “buy” rating and a $30.00 target price on the stock. Zacks Investment Research downgraded shares of Engility Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, Stifel Nicolaus upped their target price on shares of Engility Holdings from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.00.
Engility Holdings (NYSE:EGL) opened at 31.94 on Monday. Engility Holdings has a 1-year low of $11.46 and a 1-year high of $35.92. The company has a 50-day moving average of $30.72 and a 200-day moving average of $24.43. The stock’s market capitalization is $1.17 billion.
A number of hedge funds and other institutional investors have recently modified their holdings of EGL. Schwab Charles Investment Management Inc. increased its position in shares of Engility Holdings by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,664 shares of the company’s stock worth $1,261,000 after buying an additional 840 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Engility Holdings during the second quarter worth $500,000. Panagora Asset Management Inc. increased its position in shares of Engility Holdings by 150.0% in the second quarter. Panagora Asset Management Inc. now owns 29,080 shares of the company’s stock worth $614,000 after buying an additional 17,449 shares during the period. Guggenheim Capital LLC increased its position in shares of Engility Holdings by 0.6% in the second quarter. Guggenheim Capital LLC now owns 32,470 shares of the company’s stock worth $685,000 after buying an additional 179 shares during the period. Finally, Zacks Investment Management bought a new position in shares of Engility Holdings during the second quarter worth $201,000. Institutional investors own 95.38% of the company’s stock.
Engility Holdings 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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