Revenue Update on Engility Holdings(NYSE:EGL)

Engility Holdings(NYSE:EGL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $535.43M. Analysts estimated a revenue of $519.69M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.25.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on Engility Holdings, according to a research note issued on Jul 21, 2016. The shares have been rated ‘Buy’ by the firm. Cowen & Company said it Initiates Coverage on Engility Holdings, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Outperform’ by the firm.

Engility Holdings (EGL) shares turned negative on Mondays trading session with the shares closing down -0.8 points or -2.45% at a volume of 1,32,430. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.612. The peak price level was also seen at $32.612 while the days lowest was $31.755. Finally the shares closed at $31.86. The 52-week high of the shares is $35.92 while the 52-week low is $11.46. According to the latest information available, the market cap of the company is $1,172 M.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Richard B Harkey (VP, CAO, Corporate Controller) sold 4,506 shares at $23.16 per share price.Also, 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.

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