Brokerages predict that Engility Holdings Inc (NYSE:EGL) will announce $462.60 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Engility’s earnings, with the lowest sales estimate coming in at $443.47 million and the highest estimate coming in at $471.83 million. Engility posted sales of $464.86 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The firm is scheduled to announce its next earnings results on Thursday, March 7th.
On average, analysts expect that Engility will report full-year sales of $1.90 billion for the current fiscal year, with estimates ranging from $1.88 billion to $1.91 billion. For the next year, analysts anticipate that the firm will post sales of $1.94 billion, with estimates ranging from $1.91 billion to $1.97 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Engility.
Engility (NYSE:EGL) last posted its earnings results on Wednesday, October 31st. The aerospace company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $471.20 million during the quarter, compared to analyst estimates of $470.87 million. Engility had a negative net margin of 1.94% and a positive return on equity of 11.86%. Engility’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS.
A number of research analysts have issued reports on EGL shares. ValuEngine raised shares of Engility from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Cowen set a $36.00 price target on shares of Engility and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Noble Financial reaffirmed a “hold” rating on shares of Engility in a research note on Wednesday, September 12th. Zacks Investment Research lowered shares of Engility from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, B. Riley upped their price target on shares of Engility from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.00.
Several large investors have recently modified their holdings of EGL. Principal Financial Group Inc. lifted its stake in shares of Engility by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 135,293 shares of the aerospace company’s stock worth $3,301,000 after acquiring an additional 3,211 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Engility in the 2nd quarter worth approximately $176,000. Eqis Capital Management Inc. acquired a new stake in Engility during the second quarter valued at approximately $240,000. Piedmont Investment Advisors LLC acquired a new stake in Engility during the second quarter valued at approximately $127,000. Finally, Aperio Group LLC lifted its stake in Engility by 85.9% during the second quarter. Aperio Group LLC now owns 44,084 shares of the aerospace company’s stock valued at $1,351,000 after purchasing an additional 20,366 shares during the last quarter. 89.82% of the stock is owned by institutional investors.
Engility stock opened at $31.08 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.23. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.78 and a beta of 2.01. Engility has a 52-week low of $21.19 and a 52-week high of $38.54.
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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