Zacks: Brokerages Expect Engility Holdings, Inc. (EGL) Will Post Earnings of $0.45 Per Share

Wall Street analysts expect Engility Holdings, Inc. (NYSE:EGL) to announce earnings per share (EPS) of $0.45 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Engility’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.49. Engility reported earnings per share of $0.51 during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The business is expected to issue its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Engility will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.25. For the next fiscal year, analysts forecast that the firm will report earnings of $2.26 per share, with EPS estimates ranging from $2.05 to $2.40. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Engility.

Engility (NYSE:EGL) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.26 EPS 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 company had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same quarter last year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. Noble Financial lowered shares of Engility from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Jefferies Group reiterated a “buy” rating and issued a $37.00 price target on shares of Engility in a research note on Friday, October 6th. FBR & Co reiterated a “buy” rating on shares of Engility in a research note on Monday, October 16th. Cowen set a $36.00 price target on shares of Engility and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Vertical Research lowered shares of Engility from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Shares of Engility (EGL) traded up $0.68 during trading on Friday, hitting $27.63. 165,500 shares of the company traded hands, compared to its average volume of 130,591. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $1,020.00, a price-to-earnings ratio of 11.82 and a beta of 2.01. Engility has a 52 week low of $25.70 and a 52 week high of $35.63.

In related news, SVP Thomas O. Miiller sold 4,483 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total transaction of $128,168.97. Following the sale, the senior vice president now directly owns 10,154 shares of the company’s stock, valued at approximately $290,302.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Marino sold 1,425 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $25.25, for a total transaction of $35,981.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,908 shares of company stock valued at $673,910. 0.57% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Engility during the 3rd quarter valued at about $266,000. Royce & Associates LP boosted its holdings in shares of Engility by 44.8% during the 3rd quarter. Royce & Associates LP now owns 378,147 shares of the aerospace company’s stock valued at $13,114,000 after acquiring an additional 117,000 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Engility by 54.1% during the 3rd quarter. Wells Fargo & Company MN now owns 21,945 shares of the aerospace company’s stock valued at $761,000 after acquiring an additional 7,706 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Engility by 54.6% during the 3rd quarter. Citadel Advisors LLC now owns 23,890 shares of the aerospace company’s stock valued at $829,000 after acquiring an additional 8,442 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Engility during the 3rd quarter valued at about $124,000. 91.81% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Engility (NYSE:EGL)

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