Brokerages Anticipate Engility Holdings, Inc. (EGL) Will Post Quarterly Sales of $501.01 Million
Wall Street brokerages expect that Engility Holdings, Inc. (NYSE:EGL) will announce sales of $501.01 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Engility Holdings’ earnings. The lowest sales estimate is $495.44 million and the highest is $505.00 million. Engility Holdings posted sales of $535.43 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.4%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, August 3rd.
On average, analysts expect that Engility Holdings will report full-year sales of $501.01 million for the current financial year, with estimates ranging from $1.99 billion to $2.04 billion. For the next fiscal year, analysts expect that the company will post sales of $2.06 billion per share, with estimates ranging from $2.04 billion to $2.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Engility Holdings.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.15. Engility Holdings had a positive return on equity of 10.19% and a negative net margin of 0.03%. The firm had revenue of $485.22 million for the quarter, compared to the consensus estimate of $473.42 million. During the same period in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year.
A number of equities research analysts have recently commented on EGL shares. BidaskClub raised shares of Engility Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Cowen and Company reaffirmed a “hold” rating and set a $36.00 price objective on shares of Engility Holdings in a research note on Monday, May 15th. Vertical Research started coverage on shares of Engility Holdings in a research note on Thursday, March 16th. They set a “hold” rating and a $31.00 price objective on the stock. Noble Financial reaffirmed a “buy” rating on shares of Engility Holdings in a research note on Saturday, June 17th. Finally, Zacks Investment Research cut shares of Engility Holdings from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Engility Holdings currently has a consensus rating of “Buy” and an average target price of $34.88.
Engility Holdings (EGL) traded down 0.41% during mid-day trading on Friday, hitting $27.00. The company had a trading volume of 56,001 shares. The firm’s market cap is $993.79 million. Engility Holdings has a 52-week low of $19.46 and a 52-week high of $39.16. The stock’s 50 day moving average price is $27.86 and its 200 day moving average price is $30.16.
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A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Engility Holdings during the fourth quarter worth about $1,255,000. Comerica Bank boosted its stake in Engility Holdings by 5.2% in the fourth quarter. Comerica Bank now owns 19,042 shares of the aerospace company’s stock worth $619,000 after buying an additional 938 shares in the last quarter. State Street Corp boosted its stake in Engility Holdings by 13.6% in the fourth quarter. State Street Corp now owns 475,485 shares of the aerospace company’s stock worth $16,023,000 after buying an additional 56,847 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Engility Holdings during the fourth quarter worth about $627,000. Finally, Dimensional Fund Advisors LP boosted its stake in Engility Holdings by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,035,552 shares of the aerospace company’s stock worth $34,898,000 after buying an additional 60,693 shares in the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.
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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