Analysts AwaitEngility Stake, Inc. (EGL) Will Publish Quarterly Sales of $501.01 Million

Analysts AwaitEngility Stake, Inc. (EGL) Will Publish Quarterly Sales of $501.01 Million

Analysts expect Engility Holdings, Inc. (NYSE:EGL) to post sales of $501.01 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Engility Holdings’ earnings, with the lowest sales estimate coming in at $495.44 million and the highest estimate coming in at $505.00 million. Engility Holdings posted sales of $535.43 million during the same quarter last year, which suggests a negative year over year growth rate of 6.4%. The business is expected to report its next earnings report on Monday, August 7th.

According to Zacks, analysts expect that Engility Holdings will report full year sales of $501.01 million for the current year, with estimates ranging from $1.99 billion to $2.04 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.06 billion per share, with estimates ranging from $2.04 billion to $2.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Engility Holdings.

Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Thursday, May 4th. The aerospace company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.15. The company had revenue of $485.22 million for the quarter, compared to analysts’ expectations of $473.42 million. Engility Holdings had a negative net margin of 12.16% and a positive return on equity of 9.35%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

A number of research firms have issued reports on EGL. Noble Financial restated a “buy” rating on shares of Engility Holdings in a research report on Sunday, March 12th. Cowen and Company reiterated a “hold” rating and issued a $36.00 price target on shares of Engility Holdings in a research report on Friday, May 5th. TheStreet upgraded shares of Engility Holdings from a “d+” rating to a “c-” rating in a research report on Tuesday, March 21st. Vertical Research initiated coverage on shares of Engility Holdings in a research report on Thursday, March 16th. They issued a “hold” rating and a $31.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Engility Holdings presently has a consensus rating of “Buy” and a consensus price target of $34.88.

Shares of Engility Holdings (NYSE EGL) traded down 1.90% during trading on Friday, hitting $26.33. 231,111 shares of the stock traded hands. The company has a 50 day moving average of $27.93 and a 200-day moving average of $30.99. The company’s market cap is $969.13 million. Engility Holdings has a 1-year low of $19.46 and a 1-year high of $39.16.

Several large investors have recently modified their holdings of EGL. Brown Advisory Inc. acquired a new stake in shares of Engility Holdings during the fourth quarter worth $275,000. Federated Investors Inc. PA raised its stake in shares of Engility Holdings by 152.2% in the fourth quarter. Federated Investors Inc. PA now owns 2,991 shares of the aerospace company’s stock worth $101,000 after buying an additional 1,805 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Engility Holdings by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,035,552 shares of the aerospace company’s stock worth $34,898,000 after buying an additional 60,693 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Engility Holdings during the fourth quarter worth $627,000. Finally, State Street Corp raised its stake in shares of Engility Holdings by 13.6% in the fourth quarter. State Street Corp now owns 475,485 shares of the aerospace company’s stock worth $16,023,000 after buying an additional 56,847 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Engility Holdings 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EGL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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