Zacks: Analysts Expect Engility Holdings, Inc. (NYSE:EGL) to Announce $0.54 EPS
Equities research analysts expect Engility Holdings, Inc. (NYSE:EGL) to post $0.54 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Engility Holdings’ earnings, with estimates ranging from $0.48 to $0.60. Engility Holdings reported earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Engility Holdings will report full year earnings of $2.11 per share for the current year, with EPS estimates ranging from $1.98 to $2.20. For the next financial year, analysts anticipate that the company will post earnings of $2.30 per share, with EPS estimates ranging from $2.24 to $2.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Engility Holdings.
Engility Holdings (NYSE:EGL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The firm had revenue of $494.70 million for the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis.
A number of equities research analysts recently weighed in on the company. Cowen and Company restated a “hold” rating on shares of Engility Holdings in a research report on Tuesday, July 11th. Noble Financial restated a “buy” rating on shares of Engility Holdings in a research report on Saturday, June 17th. Maxim Group restated a “hold” rating on shares of Engility Holdings in a research report on Thursday. BidaskClub lowered Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered Engility Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.60.
Engility Holdings (NYSE EGL) traded up 5.26% during trading on Friday, reaching $31.60. The company’s stock had a trading volume of 143,632 shares. The firm has a 50 day moving average price of $28.75 and a 200-day moving average price of $28.95. The stock’s market cap is $1.16 billion. Engility Holdings has a 52-week low of $25.70 and a 52-week high of $39.16.
Several large investors have recently added to or reduced their stakes in EGL. BlackRock Inc. raised its stake in Engility Holdings by 17,441.6% in the first quarter. BlackRock Inc. now owns 3,086,095 shares of the aerospace company’s stock worth $89,313,000 after buying an additional 3,068,502 shares during the period. FMR LLC raised its stake in Engility Holdings by 3.8% in the first quarter. FMR LLC now owns 3,047,933 shares of the aerospace company’s stock worth $88,207,000 after buying an additional 111,000 shares during the period. Dimensional Fund Advisors LP raised its stake in Engility Holdings by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,070,804 shares of the aerospace company’s stock worth $30,988,000 after buying an additional 35,252 shares during the period. Victory Capital Management Inc. raised its stake in Engility Holdings by 36.3% in the first quarter. Victory Capital Management Inc. now owns 1,054,553 shares of the aerospace company’s stock worth $30,519,000 after buying an additional 280,964 shares during the period. Finally, Vanguard Group Inc. raised its stake in Engility Holdings by 7.8% in the first quarter. Vanguard Group Inc. now owns 932,241 shares of the aerospace company’s stock worth $26,979,000 after buying an additional 67,833 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Engility Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.