Booz Allen Hamilton Holding Co. (NYSE:BAH) – Equities research analysts at William Blair increased their Q2 2019 earnings estimates for Booz Allen Hamilton in a research report issued to clients and investors on Monday, Zacks Investment Research reports. William Blair analyst T. Mchugh now expects that the business services provider will earn $0.57 per share for the quarter, up from their prior forecast of $0.48. William Blair also issued estimates for Booz Allen Hamilton’s FY2019 earnings at $2.33 EPS.
BAH has been the topic of a number of other research reports. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 9th. ValuEngine cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co increased their price objective on Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $41.32.
Booz Allen Hamilton (NYSE:BAH) traded up $0.66 during trading hours on Wednesday, reaching $37.91. The company had a trading volume of 824,465 shares, compared to its average volume of 978,254. The stock has a market cap of $5,423.89, a P/E ratio of 19.27, a PEG ratio of 1.88 and a beta of 1.30. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 3.14. Booz Allen Hamilton has a 12-month low of $31.06 and a 12-month high of $40.25.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton had a return on equity of 50.81% and a net margin of 4.68%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Booz Allen Hamilton by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock valued at $593,000 after buying an additional 49 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Booz Allen Hamilton by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after purchasing an additional 347 shares during the last quarter. Advisor Group Inc. raised its holdings in Booz Allen Hamilton by 13.1% during the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after purchasing an additional 405 shares during the last quarter. Suntrust Banks Inc. raised its holdings in Booz Allen Hamilton by 11.9% during the second quarter. Suntrust Banks Inc. now owns 10,958 shares of the business services provider’s stock worth $355,000 after purchasing an additional 1,166 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Booz Allen Hamilton by 4.3% during the second quarter. PNC Financial Services Group Inc. now owns 28,704 shares of the business services provider’s stock worth $933,000 after purchasing an additional 1,183 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
In other news, insider Susan L. Penfield sold 30,022 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total value of $1,150,142.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lloyd Howell, Jr. sold 11,745 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $39.50, for a total value of $463,927.50. The disclosure for this sale can be found here. Insiders sold a total of 182,135 shares of company stock valued at $7,226,660 over the last three months. Insiders own 3.04% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.19 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, February 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 35.60%.
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Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.
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