Zacks: Analysts Anticipate Engility Holdings, Inc. (EGL) Will Post Earnings of $0.46 Per Share
Wall Street brokerages expect that Engility Holdings, Inc. (NYSE:EGL) will post $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Engility’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.49. Engility reported earnings of $0.51 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9.8%. The firm is expected to report its next earnings report on Thursday, March 8th.
On average, analysts expect that Engility will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.17 to $2.25. For the next financial year, analysts forecast that the business will post earnings of $2.32 per share, with EPS estimates ranging from $2.26 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Engility.
Engility (NYSE:EGL) last issued its quarterly 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). The company had revenue of $487.10 million during the quarter, compared to analysts’ expectations of $496.84 million. Engility had a return on equity of 11.87% and a net margin of 1.57%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS.
A number of analysts have commented on EGL shares. Cowen restated a “hold” rating and issued a $36.00 price target on shares of Engility in a research report on Wednesday, September 20th. Noble Financial restated a “hold” rating on shares of Engility in a research report on Tuesday, November 7th. ValuEngine upgraded Engility from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. B. Riley restated a “buy” rating on shares of Engility in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut Engility from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.67.
In related news, Director Peter Marino sold 1,425 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $25.25, for a total transaction of $35,981.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas O. Miiller sold 4,483 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $28.59, for a total value of $128,168.97. Following the sale, the senior vice president now owns 10,154 shares of the company’s stock, valued at approximately $290,302.86. The disclosure for this sale can be found here. Insiders have sold 20,908 shares of company stock valued at $590,000 in the last quarter. 0.57% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Engility by 7.4% during the second quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock worth $94,140,000 after purchasing an additional 228,635 shares in the last quarter. FMR LLC boosted its stake in Engility by 3.0% during the second quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock valued at $89,157,000 after buying an additional 91,414 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Engility by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock valued at $33,878,000 after buying an additional 122,104 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Engility by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock valued at $31,818,000 after buying an additional 65,803 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Engility by 3.6% during the second quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock valued at $27,436,000 after buying an additional 33,799 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.
Shares of Engility (NYSE EGL) traded up $0.02 on Monday, reaching $29.19. The company’s stock had a trading volume of 117,899 shares, compared to its average volume of 127,764. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $1,064.61, a PE ratio of 12.68 and a beta of 2.09. Engility has a fifty-two week low of $25.70 and a fifty-two week high of $39.16.
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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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