Booz Allen Hamilton Holding Co. (NYSE:BAH) – SunTrust Banks lifted their Q3 2019 earnings estimates for Booz Allen Hamilton in a research note issued to investors on Monday, October 29th. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.55. SunTrust Banks also issued estimates for Booz Allen Hamilton’s Q4 2019 earnings at $0.64 EPS, Q3 2020 earnings at $0.72 EPS and Q4 2020 earnings at $0.78 EPS.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year.
BAH has been the topic of a number of other research reports. Credit Suisse Group increased their price objective on shares of Booz Allen Hamilton from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup increased their price objective on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday. Cowen reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Booz Allen Hamilton in a report on Monday. Vertical Research cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Finally, Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $52.89.
BAH stock opened at $48.10 on Thursday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.48 and a current ratio of 1.45. Booz Allen Hamilton has a fifty-two week low of $35.21 and a fifty-two week high of $52.56. The stock has a market capitalization of $6.84 billion, a P/E ratio of 20.02, a PEG ratio of 1.63 and a beta of 1.17.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Booz Allen Hamilton’s dividend payout ratio is presently 37.81%.
In related news, insider Kristine Anderson sold 20,000 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total value of $1,030,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gretchen W. Mcclain sold 1,985 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $50.03, for a total transaction of $99,309.55. The disclosure for this sale can be found here. Insiders sold a total of 58,985 shares of company stock valued at $3,012,890 in the last quarter. 3.56% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of BAH. SG Americas Securities LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $144,000. Steward Partners Investment Advisory LLC boosted its position in shares of Booz Allen Hamilton by 85.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 1,756 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $208,000. Welch & Forbes LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $212,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $213,000. Institutional investors own 93.25% of the company’s stock.
Booz Allen Hamilton Company Profile
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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