Research Analysts Issue Forecasts for Engility Holdings, Inc.’s Q1 2018 Earnings (EGL)
Engility Holdings, Inc. (NYSE:EGL) – Equities research analysts at SunTrust Banks decreased their Q1 2018 EPS estimates for shares of Engility in a research note issued on Wednesday. SunTrust Banks analyst T. Sommer now expects that the aerospace company will earn $0.53 per share for the quarter, down from their previous estimate of $0.56. SunTrust Banks also issued estimates for Engility’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.49 EPS and FY2019 earnings at $2.17 EPS.
Other analysts also recently issued reports about the stock. B. Riley reiterated a “buy” rating on shares of Engility in a report on Friday, November 3rd. ValuEngine downgraded shares of Engility from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of Engility from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Noble Financial raised shares of Engility from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, FBR & Co reissued a “buy” rating on shares of Engility in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Engility has an average rating of “Hold” and a consensus price target of $35.00.
Engility (NYSE:EGL) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.28). Engility had a return on equity of 11.87% and a net margin of 1.57%. The business had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners grew its position in Engility by 80.9% during the fourth quarter. Boston Partners now owns 702,709 shares of the aerospace company’s stock valued at $19,935,000 after purchasing an additional 314,338 shares in the last quarter. Victory Capital Management Inc. grew its position in Engility by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 921,727 shares of the aerospace company’s stock valued at $26,149,000 after purchasing an additional 20,184 shares in the last quarter. Alpha Windward LLC grew its position in Engility by 15.2% during the fourth quarter. Alpha Windward LLC now owns 18,240 shares of the aerospace company’s stock valued at $517,000 after purchasing an additional 2,400 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Engility by 12.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 88,386 shares of the aerospace company’s stock valued at $2,508,000 after purchasing an additional 9,483 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in Engility in the fourth quarter worth approximately $1,538,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Thomas O. Miiller sold 4,483 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total transaction of $128,168.97. Following the transaction, the senior vice president now directly owns 10,154 shares of the company’s stock, valued at $290,302.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Marino sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $28.39, for a total transaction of $425,850.00. Following the transaction, the director now directly owns 1,213 shares in the company, valued at $34,437.07. The disclosure for this sale can be found here. Insiders have sold 23,908 shares of company stock worth $673,910 over the last ninety days. 0.41% of the stock is currently owned by insiders.
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.
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