Wall Street analysts expect that Booz Allen Hamilton Holding Co. (NYSE:BAH) will announce $1.58 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Booz Allen Hamilton’s earnings. The highest sales estimate is $1.60 billion and the lowest is $1.57 billion. Booz Allen Hamilton reported sales of $1.49 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, July 30th.
According to Zacks, analysts expect that Booz Allen Hamilton will report full year sales of $6.59 billion for the current financial year, with estimates ranging from $6.55 billion to $6.63 billion. For the next financial year, analysts expect that the company will report sales of $7.01 billion per share, with estimates ranging from $6.95 billion to $7.10 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Booz Allen Hamilton.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Tuesday, May 29th. The business services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. Booz Allen Hamilton had a return on equity of 52.82% and a net margin of 4.94%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.
A number of equities research analysts recently weighed in on BAH shares. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, April 13th. ValuEngine upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. SunTrust Banks increased their price objective on Booz Allen Hamilton from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Cowen reiterated a “buy” rating and set a $50.00 price objective on shares of Booz Allen Hamilton in a research report on Friday, May 18th. Finally, Bank of America increased their price objective on Booz Allen Hamilton from $40.00 to $47.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.80.
BAH traded up $0.66 during trading hours on Friday, reaching $45.25. The company’s stock had a trading volume of 885,694 shares, compared to its average volume of 1,157,308. Booz Allen Hamilton has a 52 week low of $31.56 and a 52 week high of $45.86. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.17. The stock has a market cap of $6.39 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25.
The business also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Thursday, June 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Wednesday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 37.81%.
In related news, insider Joseph Logue sold 72,000 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $45.22, for a total value of $3,255,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Horacio Rozanski sold 34,701 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $42.00, for a total value of $1,457,442.00. The disclosure for this sale can be found here. Insiders sold 355,538 shares of company stock worth $15,387,543 over the last ninety days. 3.56% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. TLP Group LLC boosted its stake in Booz Allen Hamilton by 23.5% in the first quarter. TLP Group LLC now owns 6,591 shares of the business services provider’s stock valued at $255,000 after buying an additional 1,256 shares in the last quarter. Verition Fund Management LLC raised its position in Booz Allen Hamilton by 7.1% in the first quarter. Verition Fund Management LLC now owns 22,192 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 1,472 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Booz Allen Hamilton by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 45,231 shares of the business services provider’s stock valued at $1,724,000 after purchasing an additional 1,492 shares during the last quarter. ETF Managers Group LLC raised its position in Booz Allen Hamilton by 0.6% in the first quarter. ETF Managers Group LLC now owns 253,718 shares of the business services provider’s stock valued at $9,611,000 after purchasing an additional 1,628 shares during the last quarter. Finally, Amalgamated Bank raised its position in Booz Allen Hamilton by 6.4% in the first quarter. Amalgamated Bank now owns 30,220 shares of the business services provider’s stock valued at $1,170,000 after purchasing an additional 1,805 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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