Zacks: Brokerages Expect Engility Holdings, Inc. (EGL) Will Announce Quarterly Sales of $464.01 Million

Wall Street brokerages predict that Engility Holdings, Inc. (NYSE:EGL) will announce $464.01 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Engility’s earnings, with the lowest sales estimate coming in at $460.84 million and the highest estimate coming in at $467.20 million. Engility reported sales of $506.41 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.4%. The firm is expected to report its next earnings results after the market closes on Thursday, March 1st.

According to Zacks, analysts expect that Engility will report full-year sales of $464.01 million for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $1.90 billion per share, with estimates ranging from $1.89 billion to $1.91 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Engility.

Engility (NYSE:EGL) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.28). Engility had a return on equity of 11.87% and a net margin of 1.57%. The business had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same period last year, the business posted $0.52 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis.

EGL has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $37.00 target price on shares of Engility in a research report on Friday, October 6th. Vertical Research lowered Engility from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Wells Fargo & Co initiated coverage on Engility in a research report on Friday, December 1st. They issued a “market perform” rating and a $31.00 target price for the company. Cowen set a $36.00 target price on Engility and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Drexel Hamilton lowered Engility from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Engility presently has a consensus rating of “Hold” and an average target price of $35.00.

In other Engility news, Director Peter Marino sold 1,425 shares of Engility 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas O. Miiller sold 3,000 shares of Engility stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $27.97, for a total value of $83,910.00. Following the transaction, the senior vice president now owns 7,154 shares of the company’s stock, valued at approximately $200,097.38. The disclosure for this sale can be found here. Insiders have sold a total of 23,908 shares of company stock valued at $673,910 in the last quarter. Company insiders own 0.41% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans boosted its stake in Engility by 6.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,622 shares of the aerospace company’s stock valued at $302,000 after purchasing an additional 650 shares during the last quarter. FMR LLC boosted its stake in shares of Engility by 3.0% in the 2nd quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after buying an additional 91,414 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Engility by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock worth $27,436,000 after buying an additional 33,799 shares during the last quarter. Boston Partners purchased a new position in shares of Engility in the 3rd quarter worth approximately $13,468,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Engility by 45.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,787 shares of the aerospace company’s stock worth $443,000 after buying an additional 4,010 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Shares of Engility (EGL) traded up $0.17 during trading on Friday, reaching $27.84. The company had a trading volume of 269,092 shares, compared to its average volume of 82,031. Engility has a twelve month low of $25.70 and a twelve month high of $35.63. The company has a market cap of $1,018.95, a price-to-earnings ratio of 33.95 and a beta of 2.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.34 and a quick ratio of 1.34.

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About Engility

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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