SunTrust Banks Weighs in on Booz Allen Hamilton Holding Co.’s FY2019 Earnings (BAH)

Booz Allen Hamilton Holding Co. (NYSE:BAH) – Research analysts at SunTrust Banks boosted their FY2019 earnings estimates for shares of Booz Allen Hamilton in a report released on Monday, October 29th. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings of $2.60 per share for the year, up from their prior estimate of $2.44. SunTrust Banks also issued estimates for Booz Allen Hamilton’s Q1 2020 earnings at $0.68 EPS, Q2 2020 earnings at $0.73 EPS, FY2020 earnings at $2.91 EPS and FY2021 earnings at $3.03 EPS.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results 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. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Booz Allen Hamilton had a return on equity of 60.56% and a net margin of 5.50%. Booz Allen Hamilton’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS.

A number of other equities analysts have also recently weighed in on BAH. Vertical Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Monday, July 16th. Drexel Hamilton reiterated a “hold” rating on shares of Booz Allen Hamilton in a research note on Monday, July 30th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 31st. Finally, Cowen reiterated a “buy” rating and set a $54.00 target price on shares of Booz Allen Hamilton in a research note on Monday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Booz Allen Hamilton presently has an average rating of “Buy” and an average price target of $52.89.

NYSE BAH opened at $48.46 on Wednesday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.75 and a beta of 1.17. Booz Allen Hamilton has a fifty-two week low of $35.21 and a fifty-two week high of $52.56. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.48 and a quick ratio of 1.48.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.

In related news, EVP Elizabeth M. Thompson sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $47.49, for a total transaction of $712,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ralph W. Shrader sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $47.19, for a total value of $1,415,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,985 shares of company stock worth $5,140,940. Corporate insiders own 3.56% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BAH. BlackRock Inc. increased its holdings in shares of Booz Allen Hamilton by 25.3% during the second quarter. BlackRock Inc. now owns 8,310,569 shares of the business services provider’s stock valued at $363,419,000 after purchasing an additional 1,677,212 shares during the period. Millennium Management LLC boosted its stake in Booz Allen Hamilton by 459.2% during the second quarter. Millennium Management LLC now owns 665,965 shares of the business services provider’s stock valued at $29,123,000 after buying an additional 546,882 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Booz Allen Hamilton during the third quarter valued at about $26,929,000. Retirement Systems of Alabama bought a new position in Booz Allen Hamilton during the third quarter valued at about $23,574,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Booz Allen Hamilton by 34,136.9% during the second quarter. BNP Paribas Arbitrage SA now owns 466,991 shares of the business services provider’s stock valued at $20,422,000 after buying an additional 465,627 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: Intrinsic Value and Stock Selection

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

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply