Engility Holdings (EGL) Releases Earnings Results, Beats Expectations By $0.08 EPS

Engility Holdings (EGL) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.26. The company posted revenue of $535.90 million in the period, compared to analysts expectations of $524.80 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Engility Holdings. Company shares were Reiterated by FBR Capital on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $25 .SunTrust Initiated Engility Holdings on Jul 21, 2016 to “Buy”, Price Target of the shares are set at $30.

Engility Holdings opened for trading at $28.9 and hit $29.31 on the upside on Friday, eventually ending the session at $29.04, with a gain of 0.17% or 0.05 points. The heightened volatility saw the trading volume jump to 2,37,233 shares. Company has a market cap of $1,067 M.

In a different news, on Jun 7, 2016, Richard B Harkey (VP, CAO, Corporate Controller) sold 4,506 shares at $23.16 per share price. According to the SEC, on Apr 5, 2016, Lynn A Dugle (CEO) purchased 8,102 shares at $18.25 per share price. On Mar 23, 2016, John P Hynes (COO) purchased 3,330 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Engility Holdings

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