$1.60 Billion in Sales Expected for Booz Allen Hamilton Holding Co. (BAH) This Quarter

Wall Street analysts predict that Booz Allen Hamilton Holding Co. (NYSE:BAH) will announce sales of $1.60 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Booz Allen Hamilton’s earnings, with the lowest sales estimate coming in at $1.58 billion and the highest estimate coming in at $1.66 billion. Booz Allen Hamilton posted sales of $1.50 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The firm is scheduled to report its next earnings results on Monday, February 4th.

On average, analysts expect that Booz Allen Hamilton will report full year sales of $6.53 billion for the current fiscal year, with estimates ranging from $6.20 billion to $6.65 billion. For the next financial year, analysts expect that the firm will report sales of $7.01 billion, with estimates ranging from $6.68 billion to $7.18 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Booz Allen Hamilton.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.

Several research analysts recently issued reports on BAH shares. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, July 16th. Drexel Hamilton reiterated a “hold” rating on shares of Booz Allen Hamilton in a research report on Monday, July 30th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 31st. Cowen reiterated a “buy” rating and issued a $54.00 target price on shares of Booz Allen Hamilton in a research report on Monday, October 29th. Finally, Citigroup upped their target price on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $53.22.

NYSE:BAH traded up $0.54 during midday trading on Friday, hitting $51.41. The company had a trading volume of 1,194,770 shares, compared to its average volume of 950,234. Booz Allen Hamilton has a 52-week low of $35.21 and a 52-week high of $52.56. The firm has a market capitalization of $6.97 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.45 and a current ratio of 1.45.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio is presently 37.81%.

In other Booz Allen Hamilton news, Director Gretchen W. Mcclain sold 1,985 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $50.03, for a total value of $99,309.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph W. Shrader sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $51.06, for a total transaction of $1,531,800.00. The disclosure for this sale can be found here. Insiders sold 58,985 shares of company stock valued at $3,012,890 over the last three months. 3.56% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Denali Advisors LLC raised its stake in shares of Booz Allen Hamilton by 224.5% during the third quarter. Denali Advisors LLC now owns 34,400 shares of the business services provider’s stock valued at $1,707,000 after acquiring an additional 23,800 shares during the last quarter. HPM Partners LLC bought a new position in shares of Booz Allen Hamilton during the second quarter valued at about $390,000. Anchor Capital Advisors LLC raised its stake in shares of Booz Allen Hamilton by 21.9% during the third quarter. Anchor Capital Advisors LLC now owns 722,654 shares of the business services provider’s stock valued at $35,865,000 after acquiring an additional 129,875 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Booz Allen Hamilton by 90.5% during the second quarter. Voya Investment Management LLC now owns 96,667 shares of the business services provider’s stock valued at $4,227,000 after acquiring an additional 45,911 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Booz Allen Hamilton by 14.2% during the second quarter. Aperio Group LLC now owns 65,288 shares of the business services provider’s stock valued at $2,855,000 after acquiring an additional 8,137 shares during the last quarter. 94.00% of the stock is owned by hedge funds and other institutional investors.

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

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