Analysts Anticipate Engility Holdings, Inc. (EGL) Will Post Earnings of $0.55 Per Share
Equities analysts expect Engility Holdings, Inc. (NYSE:EGL) to report earnings per share of $0.55 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Engility Holdings’ earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.57. Engility Holdings posted earnings per share of $0.52 during the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Engility Holdings will report full-year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.20 to $2.28. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.46 per share, with EPS estimates ranging from $2.40 to $2.53. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Engility Holdings.
Engility Holdings (NYSE:EGL) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $494.70 million for the quarter, compared to analyst estimates of $504.44 million. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share.
Several research firms have recently commented on EGL. Noble Financial downgraded Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Engility Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Cowen and Company reissued a “hold” rating and set a $36.00 price target on shares of Engility Holdings in a research report on Wednesday, September 20th. Zacks Investment Research raised Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research report on Monday, August 7th. Finally, Maxim Group reissued a “hold” rating on shares of Engility Holdings in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.40.
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Shares of Engility Holdings (NYSE EGL) traded up 1.47% during trading on Friday, hitting $34.41. 170,926 shares of the stock were exchanged. The stock’s 50 day moving average price is $31.39 and its 200 day moving average price is $29.19. The stock has a market cap of $1.27 billion, a PE ratio of 282.05 and a beta of 2.06. Engility Holdings has a one year low of $25.70 and a one year high of $39.16.
In related news, SVP Thomas O. Miiller sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total transaction of $248,480.00. Following the sale, the senior vice president now owns 14,637 shares of the company’s stock, valued at $454,625.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Tobin sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.82, for a total value of $92,460.00. Following the sale, the director now directly owns 6,290 shares in the company, valued at approximately $193,857.80. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Engility Holdings by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 15,046 shares of the aerospace company’s stock worth $427,000 after buying an additional 248 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Engility Holdings by 56.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,401 shares of the aerospace company’s stock worth $514,000 after buying an additional 6,668 shares in the last quarter. State Street Corp grew its position in Engility Holdings by 10.8% during the second quarter. State Street Corp now owns 614,380 shares of the aerospace company’s stock worth $17,445,000 after buying an additional 59,779 shares in the last quarter. Voya Investment Management LLC grew its position in Engility Holdings by 14.7% during the second quarter. Voya Investment Management LLC now owns 9,539 shares of the aerospace company’s stock worth $271,000 after buying an additional 1,219 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in Engility Holdings during the second quarter worth approximately $206,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.
About Engility Holdings
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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