Engility Holdings, Inc. (NYSE:EGL) – Equities research analysts at SunTrust Banks lowered their Q1 2018 EPS estimates for shares of Engility in a report released on Friday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now expects that the aerospace company will post earnings per share of $0.51 for the quarter, down from their prior forecast of $0.53. SunTrust Banks also issued estimates for Engility’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.91 EPS and FY2019 earnings at $1.94 EPS.
Several other research firms have also commented on EGL. Wells Fargo & Co assumed coverage on shares of Engility in a research note on Friday, December 1st. They set a “market perform” rating and a $31.00 price objective for the company. Zacks Investment Research lowered shares of Engility from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Drexel Hamilton lowered shares of Engility from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. ValuEngine lowered shares of Engility from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, B. Riley lowered their target price on shares of Engility from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Engility has an average rating of “Hold” and a consensus price target of $34.57.
Engility (NYSE EGL) traded down $0.33 during midday trading on Monday, reaching $25.42. 131,157 shares of the company’s stock traded hands, compared to its average volume of 155,816. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $932.95, a price-to-earnings ratio of -26.19 and a beta of 1.79. Engility has a 52 week low of $21.19 and a 52 week high of $35.63.
Several institutional investors and hedge funds have recently modified their holdings of EGL. Boston Partners purchased a new stake in shares of Engility during the third quarter valued at $13,468,000. Royce & Associates LP boosted its stake in shares of Engility by 44.8% during the third quarter. Royce & Associates LP now owns 378,147 shares of the aerospace company’s stock valued at $13,114,000 after purchasing an additional 117,000 shares during the period. Alambic Investment Management L.P. boosted its stake in shares of Engility by 1,156.4% during the fourth quarter. Alambic Investment Management L.P. now owns 82,922 shares of the aerospace company’s stock valued at $2,352,000 after purchasing an additional 76,322 shares during the period. State Street Corp boosted its stake in shares of Engility by 10.8% during the second quarter. State Street Corp now owns 614,380 shares of the aerospace company’s stock valued at $17,445,000 after purchasing an additional 59,779 shares during the period. Finally, Guggenheim Capital LLC purchased a new stake in shares of Engility during the fourth quarter valued at $1,586,000. 95.08% of the stock is owned by hedge funds and other institutional investors.
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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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