$0.43 EPS Expected for Engility Holdings, Inc. (EGL) This Quarter

Analysts forecast that Engility Holdings, Inc. (NYSE:EGL) will report $0.43 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Engility’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.48. Engility posted earnings per share of $0.51 in the same quarter last year, which indicates a negative year over year growth rate of 15.7%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, March 1st.

According to Zacks, analysts expect that Engility will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.17 to $2.25. For the next fiscal year, analysts anticipate that the business will report earnings of $2.19 per share, with EPS estimates ranging from $2.05 to $2.31. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Engility.

EGL has been the subject of several research reports. Vertical Research cut Engility from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Drexel Hamilton cut Engility from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. 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 price objective for the company. Cowen set a $36.00 price objective on Engility and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Maxim Group reissued a “hold” rating on shares of Engility in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.00.

Shares of Engility (NYSE EGL) opened at $26.12 on Friday. The stock has a market capitalization of $961.87, a P/E ratio of 31.85 and a beta of 1.91. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.31. Engility has a 12-month low of $25.70 and a 12-month high of $35.63.

In related news, SVP Thomas O. Miiller sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $27.97, for a total value of $83,910.00. Following the completion of the transaction, the senior vice president now directly owns 7,154 shares of the company’s stock, valued at $200,097.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter Marino sold 1,425 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $25.25, for a total value of $35,981.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,908 shares of company stock valued at $673,910. 0.41% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of EGL. Boston Partners bought a new position in Engility in the third quarter worth $13,468,000. BlackRock Inc. lifted its position in Engility by 7.4% in the second quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock worth $94,140,000 after purchasing an additional 228,635 shares during the period. Dimensional Fund Advisors LP lifted its position in Engility by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock worth $33,878,000 after purchasing an additional 122,104 shares during the period. Royce & Associates LP lifted its position in Engility by 44.8% in the third quarter. Royce & Associates LP now owns 378,147 shares of the aerospace company’s stock worth $13,114,000 after purchasing an additional 117,000 shares during the period. Finally, FMR LLC lifted its position in Engility by 3.0% in the second quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after purchasing an additional 91,414 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

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Engility Company Profile

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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