Engility Holdings, Inc. (EGL) Releases Earnings Results, Misses Estimates By $0.28 EPS
Engility Holdings, Inc. (NYSE:EGL) posted its quarterly earnings results on Thursday. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.28), Briefing.com reports. Engility Holdings had a return on equity of 10.08% and a net margin of 1.57%. The business had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.
Shares of Engility Holdings (NYSE:EGL) traded down $5.86 during trading hours on Friday, reaching $27.93. 767,180 shares of the company traded hands, compared to its average volume of 119,370. The company has a market cap of $1,028.52, a P/E ratio of 14.55 and a beta of 2.09. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.35 and a current ratio of 1.35. Engility Holdings has a 12-month low of $25.70 and a 12-month high of $39.16.
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EGL has been the topic of a number of recent research reports. Cowen and Company restated a “hold” rating on shares of Engility Holdings in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub downgraded shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine downgraded shares of Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Maxim Group restated a “hold” rating on shares of Engility Holdings in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.67.
In other Engility Holdings news, SVP Thomas O. Miiller sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $248,480.00. Following the transaction, the senior vice president now owns 14,637 shares of the company’s stock, valued at approximately $454,625.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Tobin sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $30.82, for a total transaction of $92,460.00. Following the transaction, the director now directly owns 6,290 shares in the company, valued at approximately $193,857.80. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.
About Engility Holdings
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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