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.

Shares of Engility (EGL) opened at $26.77 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.31. Engility has a fifty-two week low of $25.70 and a fifty-two week high of $35.63. The company has a market cap of $963.34 and a P/E ratio of 11.47.

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.

WARNING: “Research Analysts Issue Forecasts for Engility Holdings, Inc.’s Q1 2018 Earnings (EGL)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2018/02/02/research-analysts-issue-forecasts-for-engility-holdings-inc-s-q1-2018-earnings-egl.html.

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.

Receive News & Ratings for Engility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility and related companies with MarketBeat.com's FREE daily email newsletter.