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.

TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/08/25/engility-holdings-inc-egl-forecasted-to-earn-q4-2017-earnings-of-0-57-per-share.html.

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.

Earnings History and Estimates for Engility Holdings (NYSE:EGL)

Receive News & Stock Ratings for Engility Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility Holdings Inc. and related stocks with our FREE daily email newsletter.