Jefferies Group Weighs in on Booz Allen Hamilton Holding Co.’s Q2 2019 Earnings (BAH)

Booz Allen Hamilton Holding Co. (NYSE:BAH) – Research analysts at Jefferies Group raised their Q2 2019 earnings estimates for shares of Booz Allen Hamilton in a research note issued to investors on Monday. Jefferies Group analyst S. Kahyaoglu now forecasts that the business services provider will earn $0.65 per share for the quarter, up from their previous estimate of $0.49. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Booz Allen Hamilton’s Q3 2019 earnings at $0.66 EPS, FY2019 earnings at $2.50 EPS and FY2020 earnings at $2.95 EPS.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates 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 revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share.

BAH has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 9th. ValuEngine lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Cowen reissued a “buy” rating and issued a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton in a report on Thursday, October 12th. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, November 8th. Finally, Wells Fargo & Co boosted their target price on Booz Allen Hamilton from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Booz Allen Hamilton currently has a consensus rating of “Buy” and a consensus target price of $41.32.

Booz Allen Hamilton (NYSE:BAH) traded down $0.14 on Thursday, reaching $36.34. The company’s stock had a trading volume of 1,625,814 shares, compared to its average volume of 928,736. The firm has a market capitalization of $5,410.84, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. Booz Allen Hamilton has a 52 week low of $31.06 and a 52 week high of $40.25. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.49 and a current ratio of 1.49.

The business also recently announced 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. The ex-dividend date is Tuesday, February 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.17. Booz Allen Hamilton’s payout ratio is presently 35.60%.

In related news, insider Susan L. Penfield sold 30,022 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total transaction of $1,150,142.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Lloyd Howell, Jr. sold 22,624 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $40.25, for a total value of $910,616.00. The disclosure for this sale can be found here. In the last three months, insiders sold 182,135 shares of company stock worth $7,226,660. Corporate insiders own 3.04% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. grew its holdings in Booz Allen Hamilton by 8.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 155,693 shares of the business services provider’s stock worth $5,937,000 after acquiring an additional 11,478 shares during the period. First Trust Advisors LP grew its holdings in Booz Allen Hamilton by 3,184.4% during the fourth quarter. First Trust Advisors LP now owns 631,557 shares of the business services provider’s stock worth $24,081,000 after acquiring an additional 612,328 shares during the period. Bailard Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter worth $2,761,000. Swiss National Bank grew its holdings in Booz Allen Hamilton by 1.4% during the fourth quarter. Swiss National Bank now owns 253,157 shares of the business services provider’s stock worth $9,653,000 after acquiring an additional 3,400 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in Booz Allen Hamilton during the fourth quarter worth $220,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Booz Allen Hamilton (NYSE:BAH)

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