Zacks Investment Research downgraded shares of Engility Holdings, Inc. (NYSE:EGL) from a buy rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “
Other analysts have also recently issued reports about the stock. FBR & Co reissued a buy rating and set a $40.00 price target on shares of Engility Holdings in a research note on Saturday, August 19th. Noble Financial reissued a buy rating on shares of Engility Holdings in a research note on Friday, August 4th. ValuEngine raised shares of Engility Holdings from a hold rating to a buy rating in a research note on Tuesday, September 26th. Jefferies Group LLC reaffirmed a buy rating and issued a $37.00 price objective on shares of Engility Holdings in a research note on Friday, October 6th. Finally, Cowen and Company set a $36.00 price objective on shares of Engility Holdings and gave the company a hold rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Engility Holdings currently has an average rating of Hold and an average target price of $35.67.
Shares of Engility Holdings (EGL) opened at $27.16 on Tuesday. The firm has a market cap of $1,006.06, a P/E ratio of 11.98 and a beta of 2.09. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.34 and a current ratio of 1.34. Engility Holdings has a fifty-two week low of $25.70 and a fifty-two week high of $39.16.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.28). The firm had revenue of $487.10 million for the quarter, compared to analyst estimates of $496.84 million. Engility Holdings had a return on equity of 11.87% and a net margin of 1.57%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. equities research analysts forecast that Engility Holdings will post 2.22 EPS for the current year.
In other Engility Holdings news, Director William G. Tobin sold 3,000 shares of Engility Holdings stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $30.82, for a total value of $92,460.00. Following the sale, the director now directly owns 6,290 shares in the company, valued at approximately $193,857.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas O. Miiller sold 8,000 shares of Engility Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $248,480.00. Following the completion of the sale, the senior vice president now owns 14,637 shares in the company, valued at $454,625.22. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
A number of hedge funds have recently modified their holdings of EGL. Wells Fargo & Company MN increased its stake in Engility Holdings by 1.0% in the 1st quarter. Wells Fargo & Company MN now owns 13,104 shares of the aerospace company’s stock valued at $379,000 after buying an additional 135 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Engility Holdings by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 134,172 shares of the aerospace company’s stock valued at $3,883,000 after acquiring an additional 4,717 shares during the period. Wellington Management Group LLP bought a new position in shares of Engility Holdings in the 1st quarter valued at about $208,000. Thrivent Financial For Lutherans grew its position in shares of Engility Holdings by 4.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 9,972 shares of the aerospace company’s stock valued at $289,000 after acquiring an additional 430 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Engility Holdings by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 932,241 shares of the aerospace company’s stock valued at $26,979,000 after acquiring an additional 67,833 shares during the period. Hedge funds and other institutional investors own 91.95% 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.
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