$506.37 Million in Sales Expected for Engility Holdings, Inc. (EGL) This Quarter
Analysts expect Engility Holdings, Inc. (NYSE:EGL) to post sales of $506.37 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Engility Holdings’ earnings, with estimates ranging from $495.42 million to $523.70 million. Engility Holdings reported sales of $511.80 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Engility Holdings will report full-year sales of $506.37 million for the current year, with estimates ranging from $1.97 billion to $1.98 billion. For the next year, analysts expect that the business will post sales of $2.06 billion per share, with estimates ranging from $2.03 billion to $2.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Engility Holdings.
Engility Holdings (NYSE:EGL) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $494.70 million for the quarter, compared to the consensus estimate of $504.44 million. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Engility Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of Engility Holdings in a research note on Tuesday, July 11th. BidaskClub raised Engility Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Noble Financial reissued a “buy” rating on shares of Engility Holdings in a research note on Saturday, June 17th. Finally, FBR & Co reissued a “buy” rating and set a $40.00 price target on shares of Engility Holdings in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.40.
In other news, SVP Thomas O. Miiller sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total value of $248,480.00. Following the sale, the senior vice president now directly owns 14,637 shares in the company, valued at $454,625.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William G. Tobin sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.82, for a total value of $92,460.00. Following the completion of the sale, the director now owns 6,290 shares in the company, valued at $193,857.80. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EGL. Municipal Employees Retirement System of Michigan increased its holdings in Engility Holdings by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 160 shares during the period. Mason Street Advisors LLC increased its holdings in Engility Holdings by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 271 shares during the period. OxFORD Asset Management LLP purchased a new position in Engility Holdings during the 2nd quarter worth $206,000. Louisiana State Employees Retirement System increased its holdings in Engility Holdings by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 100 shares during the period. Finally, Wellington Management Group LLP purchased a new position in Engility Holdings during the 1st quarter worth $208,000. Institutional investors own 92.59% of the company’s stock.
Engility Holdings (NYSE:EGL) opened at 30.57 on Thursday. Engility Holdings has a one year low of $25.70 and a one year high of $39.16. The company’s 50-day moving average is $30.22 and its 200-day moving average is $28.93. The firm has a market capitalization of $1.13 billion, a P/E ratio of 250.57 and a beta of 2.03.
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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