Engility (NYSE:EGL) – Investment analysts at B. Riley dropped their Q4 2018 earnings per share (EPS) estimates for shares of Engility in a research note issued to investors on Thursday, May 3rd, according to Zacks Investment Research. B. Riley analyst C. Horn now expects that the aerospace company will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.49. B. Riley currently has a “Buy” rating and a $38.00 price target on the stock. B. Riley also issued estimates for Engility’s Q4 2019 earnings at $0.53 EPS.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Engility from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Cowen set a $30.00 target price on Engility and gave the stock a “hold” rating in a report on Monday, March 26th. Maxim Group restated a “hold” rating on shares of Engility in a report on Friday, March 2nd. Wells Fargo set a $25.00 target price on Engility and gave the stock a “hold” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research upgraded Engility from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Engility presently has an average rating of “Hold” and a consensus price target of $34.17.
Engility (NYSE:EGL) last issued its quarterly earnings results on Thursday, March 1st. The aerospace company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. Engility had a positive return on equity of 11.70% and a negative net margin of 1.85%. The company had revenue of $464.86 million for the quarter, compared to analysts’ expectations of $464.01 million.
Several institutional investors have recently modified their holdings of EGL. MetLife Investment Advisors LLC acquired a new stake in shares of Engility in the fourth quarter worth $248,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Engility in the third quarter worth $266,000. Municipal Employees Retirement System of Michigan boosted its position in shares of Engility by 60.3% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 10,610 shares of the aerospace company’s stock worth $301,000 after buying an additional 3,990 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Engility in the fourth quarter worth $311,000. Finally, Leucadia National Corp boosted its position in shares of Engility by 80.3% in the fourth quarter. Leucadia National Corp now owns 13,355 shares of the aerospace company’s stock worth $379,000 after buying an additional 5,947 shares during the period. 93.26% of the stock is owned by institutional investors and hedge funds.
Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.
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