Wall Street brokerages forecast that Engility Holdings Inc (NYSE:EGL) will report $0.49 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Engility’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.45. Engility posted earnings of $0.62 per share in the same quarter last year, which would suggest a negative year over year growth rate of 21%. The company is scheduled to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Engility will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.08. For the next financial year, analysts forecast that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.06 to $2.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Engility.
Engility (NYSE:EGL) last announced its quarterly earnings data on Wednesday, August 1st. The aerospace company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.16. The firm had revenue of $488.50 million during the quarter, compared to analysts’ expectations of $472.26 million. Engility had a positive return on equity of 12.02% and a negative net margin of 1.63%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS.
Several equities analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Engility in a report on Friday, May 25th. They issued a “buy” rating and a $38.00 price objective for the company. Cowen upgraded Engility from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Thursday, May 3rd. Noble Financial set a $37.00 price target on Engility and gave the company a “buy” rating in a research note on Tuesday, May 29th. ValuEngine lowered Engility from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Engility from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, June 26th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.50.
NYSE EGL traded down $0.32 during midday trading on Friday, hitting $33.29. The company had a trading volume of 115,389 shares, compared to its average volume of 136,157. The stock has a market capitalization of $1.24 billion, a PE ratio of 14.29, a P/E/G ratio of 3.33 and a beta of 1.83. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.39 and a quick ratio of 1.39. Engility has a twelve month low of $21.19 and a twelve month high of $36.51.
Several institutional investors and hedge funds have recently modified their holdings of EGL. Victory Capital Management Inc. increased its stake in shares of Engility by 12.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,143,210 shares of the aerospace company’s stock valued at $35,028,000 after purchasing an additional 123,624 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Engility during the 1st quarter worth $2,755,000. BlackRock Inc. grew its position in Engility by 3.0% during the 1st quarter. BlackRock Inc. now owns 3,647,544 shares of the aerospace company’s stock worth $89,000,000 after acquiring an additional 106,209 shares during the last quarter. James Investment Research Inc. grew its position in Engility by 786.4% during the 2nd quarter. James Investment Research Inc. now owns 77,030 shares of the aerospace company’s stock worth $2,360,000 after acquiring an additional 68,340 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in Engility by 349.1% during the 1st quarter. Citadel Advisors LLC now owns 83,919 shares of the aerospace company’s stock worth $2,048,000 after acquiring an additional 65,231 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.
Engility Company Profile
Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.
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