Engility Holdings, Inc. (EGL) Forecasted to Earn Q4 2017 Earnings of $0.57 Per Share
Engility Holdings, Inc. (NYSE:EGL) – Research analysts at SunTrust Banks lifted their Q4 2017 EPS estimates for shares of Engility Holdings in a report released on Wednesday. SunTrust Banks analyst T. Sommer now expects that the aerospace company will post earnings of $0.57 per share for the quarter, up from their prior forecast of $0.56. SunTrust Banks also issued estimates for Engility Holdings’ Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.40 EPS.
Engility Holdings (NYSE:EGL) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $504.44 million. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.
Other analysts also recently issued reports about the company. Noble Financial reiterated a “buy” rating on shares of Engility Holdings in a report on Saturday, June 17th. Maxim Group reissued a “hold” rating on shares of Engility Holdings in a research report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating on shares of Engility Holdings in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Monday, August 7th. Finally, BidaskClub cut shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.40.
Engility Holdings (EGL) opened at 30.01 on Thursday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 245.98 and a beta of 2.10. The stock has a 50 day moving average price of $29.81 and a 200 day moving average price of $28.96. Engility Holdings has a 52-week low of $25.70 and a 52-week high of $39.16.
Institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its position in shares of Engility Holdings by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock valued at $118,000 after buying an additional 160 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Engility Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock valued at $119,000 after buying an additional 271 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of Engility Holdings during the second quarter valued at approximately $206,000. Louisiana State Employees Retirement System boosted its position in shares of Engility Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the aerospace company’s stock valued at $208,000 after buying an additional 100 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Engility Holdings during the first quarter valued at approximately $208,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.
In other Engility Holdings news, SVP Thomas O. Miiller sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total value of $248,480.00. Following the completion of the transaction, the senior vice president now directly owns 14,637 shares of the company’s stock, valued at approximately $454,625.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% 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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