Wall Street brokerages expect Booz Allen Hamilton Holding Co. (NYSE:BAH – Get a rating) to report earnings of $1.07 per share for the current quarter, Zacks reports. Five analysts have released earnings estimates for Booz Allen Hamilton, with the highest EPS estimate of $1.28 and the lowest estimate of $0.93. Booz Allen Hamilton also reported earnings of $1.07 per share in the same quarter last year. The company is expected to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Booz Allen Hamilton to report annual earnings of $4.32 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.40. For next year, analysts expect the company to post earnings of $4.86 per share, with EPS estimates ranging from $4.66 to $5.25. Zacks’ EPS calculations are an average average based on a survey of research analysts who cover Booz Allen Hamilton.
Booz Allen Hamilton (NYSE:BAH – Get a rating) last reported results on Friday, May 20. The business services provider reported EPS of $0.86 for the quarter, beating analyst consensus estimates of $0.85 by $0.01. The company posted revenue of $2.24 billion for the quarter, versus $2.21 billion expected by analysts. Booz Allen Hamilton had a net margin of 5.58% and a return on equity of 54.20%. The company’s revenue for the quarter increased by 13.1% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.89.
Several analysts have weighed in on BAH shares. Bank of America upgraded Booz Allen Hamilton’s stock from an ‘underperforming’ to a ‘neutral’ rating and raised its target price for the company from $80.00 to $90.00 in a research note Friday, March 11. StockNews.com upgraded Booz Allen Hamilton’s stock from a “hold” rating to a “buy” rating in a Thursday, May 26 research note. Goldman Sachs Group has upgraded Booz Allen Hamilton shares from a “neutral” rating to a “buy” rating and raised its target price for the company from $83.00 to $102.00 in a research note from the Wednesday April 13. Raymond James raised his price target on Booz Allen Hamilton shares from $90.00 to $96.00 in a Wednesday, May 25 research report. Finally, Wells Fargo & Company raised its price target on Booz Allen Hamilton shares from $90.00 to $98.00 and gave the stock an “overweight” rating in a Thursday, March 24 research report. . Three investment analysts gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Buy” and a consensus target price of $97.30.
Separately, Executive Vice President Karen M. Dahut sold 97,761 shares in a trade that took place on Wednesday, May 25. The shares were sold at an average price of $84.48, for a total value of $8,258,849.28. Following the completion of the sale, the executive vice president now directly owns 194,836 shares of the company, valued at $16,459,745.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Also, VPE Nancy Laben sold 21,161 shares in a trade that took place on Friday, March 25. The stock was sold at an average price of $88.54, for a total transaction of $1,873,594.94. Disclosure of this sale can be found here. Insiders sold a total of 124,925 shares of the company valued at $10,666,411 over the past three months. 1.92% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Booz Allen Hamilton in the fourth quarter worth approximately $108,899,000. Lord Abbett & CO. LLC increased its stake in Booz Allen Hamilton by 166.6% during the first quarter. Lord Abbett & CO. LLC now owns 900,240 shares of the business services provider valued at $79,077,000 after purchasing an additional 562,566 shares in the last quarter. BlackRock Inc. increased its stake in Booz Allen Hamilton by 4.7% during the fourth quarter. BlackRock Inc. now owns 10,038,798 shares of the business services provider valued at $851,189,000 after purchasing an additional 453,676 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in Booz Allen Hamilton by 26.4% during the fourth quarter. Ceredex Value Advisors LLC now owns 2,083,410 shares of the business services provider valued at $176,653,000 after buying an additional 435,033 shares in the last quarter. Finally, Alliancebernstein LP increased its stake in Booz Allen Hamilton by 18.6% during the fourth quarter. Alliancebernstein LP now owns 2,588,884 shares of the business services provider valued at $219,511,000 after buying an additional 406,020 shares in the last quarter. 90.44% of the shares are held by institutional investors and hedge funds.
BAH lost $0.26 during Friday’s trading, hitting $87.21. The company had a trading volume of 1,015,119 shares, compared to an average volume of 1,137,696. The company has a debt ratio of 2.61, a current ratio of 1.59 and a quick ratio of 1, 59. Booz Allen Hamilton has a 1-year low of $69.68 and a 1-year high of $91.46. The company has a 50-day moving average of $85.53 and a 200-day moving average of $83.86. The company has a market capitalization of $11.53 billion, a PE ratio of 25.35, a P/E/G ratio of 2.70 and a beta of 0.72.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.43. This represents a dividend of $1.72 on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, June 14. Booz Allen Hamilton’s payout ratio is 50.00%.
About Booz Allen Hamilton (Get a rating)
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and IT solutions to governments, businesses, and nonprofits in the United States And in the world. The company offers consulting solutions in various areas, business strategies, human capital and operations.
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