Equities analysts predict that Engility Holdings, Inc. (NYSE:EGL) will post sales of $513.79 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Engility Holdings’ earnings. The highest sales estimate is $523.70 million and the lowest is $509.65 million. Engility Holdings posted sales of $511.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.4%. The firm is expected to issue its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Engility Holdings will report full-year sales of $513.79 million for the current financial year, with estimates ranging from $1.99 billion to $2.01 billion. For the next year, analysts forecast that the firm will report 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 research analysts that that provide coverage for Engility Holdings.

Engility Holdings (NYSE:EGL) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share (EPS) 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 company had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis.

Several research analysts recently weighed in on EGL shares. Cowen and Company restated a “hold” rating and issued a $36.00 price objective on shares of Engility Holdings in a research report on Friday, May 5th. Noble Financial reiterated a “buy” rating on shares of Engility Holdings in a research report on Saturday, May 6th. BidaskClub upgraded shares of Engility Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, ValuEngine cut shares of Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $35.60.

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Engility Holdings (NYSE:EGL) opened at 30.98 on Tuesday. The firm’s market capitalization is $1.14 billion. Engility Holdings has a 12 month low of $25.70 and a 12 month high of $39.16. The stock’s 50 day moving average price is $28.75 and its 200 day moving average price is $28.95.

Several hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in shares of 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 valued at $30,519,000 after buying an additional 280,964 shares during the last quarter. Stevens Capital Management LP boosted its stake in shares of Engility Holdings by 5.5% in the first quarter. Stevens Capital Management LP now owns 11,921 shares of the aerospace company’s stock valued at $345,000 after buying an additional 617 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Engility Holdings during the first quarter valued at approximately $245,000. Thrivent Financial for Lutherans boosted its stake in shares of Engility Holdings by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,542 shares of the aerospace company’s stock valued at $322,000 after buying an additional 600 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Engility Holdings by 1.9% in the first quarter. Russell Investments Group Ltd. now owns 38,012 shares of the aerospace company’s stock valued at $1,100,000 after buying an additional 724 shares during the last quarter. Institutional investors own 90.88% 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.

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Earnings History and Estimates for Engility Holdings (NYSE:EGL)

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